Gains in Treasuries Allow Secondary to Firm

Curran, William; Scarchilli, Michael
July 2006
Bond Buyer;7/12/2006, Vol. 357 Issue 32421, p2
Trade Publication
The article reports that the strengthening of the U.S. Treasury market which allowed the municipal secondary to stabilize despite the primary market's effort to address the issues facing them. New York trade analysts believed that the movement of tax-exempts goes along with the treasuries. George Goncalves, Treasury and agency strategist at Banc of America Securities LLC, revealed that the improvements in Treasuries were due to the return of the investors to the market after staying dormant.


Related Articles

  • Munis Weaken as Treasury Losses Mount. Curran, William; Scarchilli, Michael // Bond Buyer;4/13/2006, Vol. 356 Issue 32360, p2 

    The article reports on the market performance of the municipal bonds as of April 12, 2006 in the U.S. The municipal bonds market has weakened due to the deepening losses in government securities, which broke the confidence of trading participants in the U.S. According to George Goncalves,...

  • Chicago, Nevada School District Both Ready Hefty Deals. Albano, Christine // Bond Buyer;2/22/2005, Vol. 351 Issue 32075, p37 

    The article reports that underwriters in the U.S. will have to take a cue from last week's market and keep new-issue prices cheap to attract demand, even if it means lowering prices if they want to avoid carrying major balances during the holiday-abbreviated week. Due to yesterday's observance...

  • Munis Firm Following Strong Treasuries. Scarchilli, Michael; Herman, Jack // Bond Buyer;8/1/2008, Vol. 365 Issue 32931, p2 

    The article reports on the performance of the municipal market following the strengthening Treasury market in the U.S. The municipal market increased by about three basis points while the yield on the benchmark 10-year Treasury note that opened at 4.04 percent finished at 3.95 percent....

  • Munis Sell off For the Third Straight Session. Curran, Bill // Bond Buyer;3/30/2006, Vol. 355 Issue 32350, p2 

    The article reports on news and developments concerning the municipal bond market as of March 29, 2006. A modest weakening of the Treasury market was observed as investors recalibrated their interest rate expectations after the Federal Open Market Committee suggested that additional rate...

  • Shorter Municipals Rise Amid Talk Of Fed Rate Hikes Ending Sooner. Johnson, Anastasija; Curran, Bill // Bond Buyer;9/2/2005, Vol. 353 Issue 32210, p2 

    Reports on the condition of the municipal bond market in the U.S. Expectation that higher oil prices and a slower economy would force the Federal Reserve Board to pause its monetary policy tightening; Reflection of price action in Treasuries in the tax-exempt market; Price of the general...

  • Munis Weaker as $7B of California Rans Price. Scarchilli, Michael; Campbell, Dakin // Bond Buyer;10/26/2007, Vol. 362 Issue 32742, p2 

    The article reports that municipal bond market has weakened as a result of the $7 billion price of the California Ran deal by the Banc of America Securities LLC in 2007. The deal is the largest note issuance of the year, which is set to mature on June 30, 2008 and is expected to yield 3.37% with...

  • Banc of America Sets Sights On Southeast as Others Quit. Preston, Darrell // Bond Buyer;09/12/2000, Vol. 333 Issue 30973, p1 

    Reports on the expansion of Banc of America Securities in the Southeast States' municipal markets. Cutbacks at First Union Securities Inc. and Wachovia Securities Inc.; Banc of America's ranking among negotiated underwriters; Banc of America's market share in public finance.

  • B of A Sells Guaranteed Municipal Deal. Primack, Dan // Private Placement Letter;11/01/99, Vol. 17 Issue 43, p3 

    Reports on the municipal bond offering from the City of Blytheville, Arkansas introduced by Banc of America Securities. Structure of the securities; Products produced by IPSCO Inc., the guarantor of the deal; Information on the City of Blytheville.

  • BUZZ BOX.  // Private Placement Letter;4/28/2008, Vol. 26 Issue 17, p1 

    The article reports that Lyon Station, Pennsylvania-based East Penn Manufacturing Co. Inc. has launched a $155 million placement through dual agents Banc of America Securities LLC and Wachovia Securities LLC. The $115 million deal was divided into a $35 million tranche and an $80 million...


Read the Article


Sign out of this library

Other Topics