Munis Gain; Underwriters Price $372 Million of Connecticut Debt

Chesla, Nicholas
April 2003
Bond Buyer;4/17/2003, Vol. 344 Issue 31617, p2
Trade Publication
Municipal bonds gained on May 14, 2003, while in the new-issue market underwriters priced for institutions 372 million dollars of Connecticut general obligation and refunding bonds with a top yield of 4.58 percent in 2023. In the municipal arena, yields fell three or four basispoints in moderate secondary trading while traders reported interest from non-traditional buyers. Series A bonds due 2008 yielded five basis points more than Municipal Market Data's May 13 triple-A yield curve scale, bonds due 2013 yielded six basis points more, bonds due 2018 yielded four basis points more, and bonds due 2023 yielded the same.Bonds due 2008 yielded three basis points less than MMD's Tuesday triple-A yield curve scale while bonds due 2013 and 2018 yielded the same, bonds due 2023 yielded five basis points more and bonds due 2028 yielded three basis points more.


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