TITLE

N.Y. Dorm Deal Leads $1.3 Billion In New Issues; Cash Bonds Weaken

AUTHOR(S)
Chesla, Nicholas
PUB. DATE
April 2003
SOURCE
Bond Buyer;4/30/2003, Vol. 344 Issue 31625, p2
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
Roughly 1.3 billion dollars in major new loans came to the U.S. bond market on April 30, 2003 led by a 488 million dollars New York State Dormitory Authority hospital revenue bond, while cash bonds weakened. In the municipal arena, amid new-issue pricing, cash bond yields increased by as much as two or three basis points reflecting softness in Treasuries in light to moderate trading. “The secondary has been mostly quiet,” a traderin New York said. “It's partly because bonds in primary deals are coming cheaper than bonds in the secondary that people are tending to focus on the primary market.”
ACCESSION #
9810711

 

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