Munis Firmer as Data Leads to FOMC Speculation

Curran, William; Scarchilli, Michael
July 2006
Bond Buyer;7/10/2006, Vol. 357 Issue 34219, p2
Trade Publication
The article reports on the performance of municipal bonds in the United States as of July 7, 2006. Weaker-than-expected non-farm payrolls data led some investors to anticipate that the Federal Open Market Committee would break a string of 17 consecutive federal funds rate increases. Tax-exempt yields were lower by three or four basis points according to traders.


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