Muni Yields Rise 1 to 2 Basis Points; Retail Period Opened for Conn. GOs

Chesla, Nicholas
April 2003
Bond Buyer;4/15/2003, Vol. 344 Issue 31615, p2
Trade Publication
This article focuses on the trends followed in the securities industry in the U.S. on April 14, 2003. Municipal bond yields were quoted one or two basis points higher in trading while underwriters held a retail order period on $ 300 million Connecticut general obligation bonds.In the new-issue market, Morgan Stanley opened a retail order period on $ 300 million of Connecticut GOs. Goldman Sachs & Co. held the second of a two-day retail order period on $285 million New York State Environmental Facilities Corp.'s clean water and drinking water revolving fund revenue bonds. In the competitive sector, UBS PaineWebber won $37 million Indian Prairie Community Unit School District No. 204 general obligation school building bonds with a low interest cost of 4.204570360ut of six bids. ABN AMRO had the next lowest interest cost of 4.24


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