Muni Yields Fall 3 to 5 Basis Points; Merrill Wins Alabama Water Issues

Chesla, Nicholas
December 2002
Bond Buyer;12/20/2002, Vol. 342 Issue 31537, p2
Trade Publication
Reports that the Alabama Water Pollution Control Authority has sold two issues of revolving fund loan bonds in the new-issue market, while cash yields have fallen. Details of the rise in leading economic indicators and its implications for the level of economic activity; Comments of traders in New York regarding the cash flow position of investors; Statistics pertaining to the bonds bought and sold by corporations.


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