Muni Yields Slip a Bit as Orlando Sells And California GOs Are Freed to Trade

Chesla, Nicholas
April 2003
Bond Buyer;4/28/2003, Vol. 344 Issue 31623, p2
Trade Publication
Municipal bond yields fell one basis point while underwriters priced$ 120 million of Orlando Utilities Commission water and electric revenue refunding bonds in the new-issue market and$ 2 billion of California general obligation bonds priced were freed to trade. &ldquo.In the municipal arena, cash bonds firmed while traders reported a flurry of activity in the California sector when the$ 2 billion GO issue was freed to trade, even as participation elsewhere was light to moderate. Bonds due in 2008 yielded five basis points more than Municipal Market Data's triple-A yield curve scale, while bonds due in 2013 yielded 14 basis points more and bonds due in 2018 yielded eight basis points more.


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