TITLE

Shifting Conditions Boost Refundings 23% in 1st Half

AUTHOR(S)
Scarchilli, Michael
PUB. DATE
August 2010
SOURCE
Bond Buyer;8/9/2010, Vol. 373 Issue 33363, p2A
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports on the 22.8% increase in the refunding volume of bonds in the U.S. in first half of 2010. It states that the increase has demonstrated that the country has experienced an improved market condition in spite of the decline in the issuance of long-term non-stimulus program bonds. Portfolio manager Evan Rourke of Eaton Vance Corp. asserts that the gains are considered to be a symbol of the lack of strong buying interest.
ACCESSION #
52981174

 

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