TITLE

'Painful' Day for Munis as Treasuries Slip

AUTHOR(S)
Curran, Bill
PUB. DATE
June 2006
SOURCE
Bond Buyer;6/23/2006, Vol. 356 Issue 32409, p2
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports the weakening of the municipal market in the U.S. as sell-off in Treasuries ahead of a meeting of the Federal Open Market Committee forced government bond yields to multi-year highs. Experts claimed that tax-exempt yields has risen by three to four basis points as prices fell. The decline was attributed, in part, to market illiquidity due to a lack of buy-and-hold investors.
ACCESSION #
21387419

 

Related Articles

  • Municipals Rise as 30-Year's Return Is Confirmed, NJ. Pulls $2.1B Deal. Johnson, Anastasija // Bond Buyer;8/4/2005, Vol. 353 Issue 32189, p2 

    Reports on the result of the August 3, 2005 municipal bond trading in the U.S. Increase in municipal bond prices; Challenges to the multibillion tobacco debt financing of the state of New Jersey; Impact of the announcement of the Department of the Treasury to bring back 30-year bonds on the market.

  • Results of Competitive Sales.  // Bond Buyer;8/24/2006, Vol. 357 Issue 32452, p22 

    The article presents a listing of results of competitive sales of government securities in the U.S. as of August 24, 2006. These include general obligation bond anticipation notes issued by Groton City, Connecticut, school building revenue bonds issued by Meade County School District Finance...

  • Munis Quiet, Unchanged at Start of Short Week. Scarchilli, Michael; Posner, Matthew // Bond Buyer;11/21/2006, Vol. 358 Issue 32513, p2 

    The article describes the status of the municipal bond market in the U.S. as of November 20, 2006. A trader in New York City said that the market was quiet and unchanged during the day as participants prepare themselves into a holiday-shortened workweek. Among the deals were the one from the...

  • IN BRIEF. Siegel, Gary E.; Smith, Nicole M. // Bond Buyer;11/21/2006, Vol. 358 Issue 32513, p2 

    The article offers news briefs related to the municipal bond market in the U.S. The Conference Board reported an increase in the composite index of leading economic indicators in October 2006. The Treasury Department has announced its intent to sell $26 billion of four-week discount bills on...

  • Results of Negotiated Sales.  // Bond Buyer;11/21/2006, Vol. 358 Issue 32513, p14 

    The article presents results of negotiated sales in the U.S. municipal bond market as of November 21, 2006, including information on issuer, due date, and amount. The issuers include the Colorado Educational and Cultural Facilities Authority, Northwestern Gwinnett County Facilities Corp. and...

  • Results of Competitive Sales.  // Bond Buyer;11/21/2006, Vol. 358 Issue 32513, p31 

    The article presents results of competitive sales in the U.S. municipal bond market as of November 21, 2006, including information on the issuer, due date, and amount. The issuers include Genoa Central School District No. 1 of Miller County, Arkansas, Fort Gratiot Charter Township of Michigan...

  • Results of Negotiated Sales.  // Bond Buyer;3/16/2007, Vol. 359 Issue 32588, p22 

    The article presents a compilation of results of negotiated sales of government securities in different states in the U.S. from March 1 to 16, 2007. A total of $20,085,000 revenue bonds, Series 2007 was purchased by Thornton Farish Inc. from Limestone County Water and Sewer Authority. A general...

  • Results of Competitive Sales.  // Bond Buyer;3/16/2007, Vol. 359 Issue 32588, p26 

    The article presents a compilation of results of competitive sales of government securities in different states in the U.S. from March 13 to 15, 2007. Collateralized single family mortgage revenue refunding bonds, Series B worth $40,000,000 was purchased by UBS Securities from the Alabama...

  • Results of Negotiated Sales.  // Bond Buyer;10/23/2006, Vol. 358 Issue 32492, p17 

    The article presents a compilation of results of negotiated sales of municipal bonds in the U.S. as of October 23, 2006. The California Statewide Communities Development Authority has issued revenue bonds worth $19,015,000. Sales tax revenue bonds from Hernando County School District, Florida...

Share

Read the Article

Courtesy of VIRGINIA BEACH PUBLIC LIBRARY AND SYSTEM

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics