Despite Terror Plot, Muni Market Remains Unchanged

Scarchilli, Michael; Posner, Matthew
August 2006
Bond Buyer;8/11/2006, Vol. 358 Issue 32443, p2
Trade Publication
The article reports on the performance of the municipal bond market as of August 10, 2006 in the U.S. The news about the terror plot in Europe has not impacted the bond market. The Treasury market showed little movement with 10-year not opened at 4.94 percent from 4.93 percent, while two-year note was unchanged at 4.92 percent. Moreover, both municipal and Treasury bonds showed a muted response to the $10 billion of 30-year bonds at 5.080 percent yield auctioned by the Treasury Department.


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