TITLE

Rising Interest Rates Are Reining in a Two-Year Rally

AUTHOR(S)
Fine, Jacob
PUB. DATE
January 2003
SOURCE
Bond Buyer;1/24/2003, Vol. 343 Issue 31559, p6
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
Cites the findings of data collected by financial companies Salomon Smith Barney Inc. and Wachovia Securities Inc. which indicate a rise in interest rates of closed-end municipal bond funds in 2003 from 2000 in the U.S. Impact of rising interest rates on rating of the bonds in January 2003; Losses incurred by the bonds; Views of various bond analysts on changes in bond prices due to increasing interest rates.
ACCESSION #
9042404

 

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