General Market Uncertainty, Fed Move Drive Weekly Indexes Higher

Scarchilli, Michael
August 2007
Bond Buyer;8/24/2007, Vol. 261 Issue 32699, p7
Trade Publication
The article reports on the rise of the "Bond Buyer's" weekly yield indexes as both municipals and Treasuries dealt with the fallout from general market uncertainty and the Federal Reserve lowering the primary credit discount rate by 50 basis points in the U.S. According to Fred Yosca, managing director and head of trading at BNY Capital Markets, the key curve is weaker by about five to seven basis points. The movement of the municipal and Treasury yield curves in opposite direction continued.


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