Municipals Gain in Moderate Trading; Katy, Tex., ISD, Georgia County Sell

Monsarrat, Sean; Chesla, Nicholas
November 2002
Bond Buyer;11/13/2002, Vol. 342 Issue 31512, p2
Trade Publication
Reports that municipal bonds rose in moderate trading while Katy Independent School Districts bonds, a issue backed by Texas Permanent School Fund, issued debt worth $179 million. Factors that influenced the relative pricing of municipal bonds compared to the taxables; Reason for the investors to seek safety in the bond market; Affect of a shortage of bonds in the secondary market on municipal market yields.


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