Municipals Flat Amid Light Trading

Chesla, Nicholas
April 2003
Bond Buyer;4/7/2003, Vol. 344 Issue 31609, p2
Trade Publication
Presents information on performance of U.S. bond market on April 4, 2003. Municipal bonds traded at lower prices as compared to general trend. Government bonds were mostly lower and equities were mixed. Russ Sheldon, senior economist at BMO Nesbitt Burns Inc., said the decline in March non-farm payrolls indicated the labor market remained vulnerable to uncertainty presented by rising energy prices, cold weather, and the war situation. Municipal bond funds gained 487 million dollars during the week ended April 2, after losing 118 million dollars the prior week, which had been the second consecutive week of outflows, according to a report by U.S. Bancorp Piper Jaffray Inc.


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