Yield Indexes Mixed as Investors React to Slower Pace of War Effort

Smith, Aaron T.
March 2003
Bond Buyer;3/28/2003, Vol. 343 Issue 31803, p34
Trade Publication
indexes presented by the periodical 'The Bond Buyer' were mixed in the week ending March 28, 2003 as investors realized the war in Iraq was not over yet. Trading was volatile in the beginning of the week, but quickly slowed down.The New York State Dormitory Authority repriced 595 million dollars of revenue bonds. The Bond Buyer one-year note index rose two basis points to yield 1.11 percent, from 1.09 percent. The Chicago Fed National Activity index slumped to negative 0.62 in February 2003 from 0.53 in January 2003. The revenue bond index was unchanged at 5.17 percent. The 20-bond index edged up one basis point to yield 4.84 percent, from 4.83 percent. The 11-bond index rose one basis point to yield 4.77 percent from 4.76 percent. The 10-Treasury note dropped six basis points to yield 3.92 percent, from 3.98 percent.


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