FOMC Rate Cut Leaves Munis With Price Gains of 1/4 Point

Monsarrat, Sean
February 2001
Bond Buyer;02/01/2001, Vol. 335 Issue 31068, p2
Trade Publication
Discusses the impact on municipal bonds of the decision of the United States Federal Reserve Board to ease monetary policy in February 2001. Increase in bond trading activities on follow-through buying; Prevalence of buyers in both the primary and secondary markets; Move of the Federal Open Market Committee to reduce the federal funds rate and discount rate by 50 basis points.


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