Rising Interest Rates Are Reining in a Two-Year Rally

Fine, Jacob
January 2003
Bond Buyer;1/24/2003, Vol. 343 Issue 31559, p6
Trade Publication
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.


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