Weekly Bond Indexes Decline as Munis Rally Due to Weak Employment Data

Scarchilli, Michael
August 2006
Bond Buyer;8/11/2006, Vol. 358 Issue 32443, p5
Trade Publication
The article reports on the decline of all weekly yield indexes of the "The Bond Buyer" as municipals rallied due to weak July employment data last August 3, 2006 in the U.S. The yield indexes held flat despite two big Treasury auctions and a decision by the Federal Open Market Committee to hold the Federal funds rate at 5.25 percent. The Bond buyer 20-bond index of GO yields decline four basis points to 4.45 percent, while 11-bond index dropped five basis points to 4.39 percent.


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