Munis Track Volatile Treasuries; Citigroup Prices MassPort Deal

Johnson, Anastasija
May 2003
Bond Buyer;5/22/2003, Vol. 344 Issue 31641, p2
Trade Publication
The U.S. municipal bond market had some developments in the volatile governments sector on May 21, 2003, while in the new-issue market Citigroup Global Markets Inc. priced 305 million dollar in Massachusetts Port Authority revenue bonds.In the secondary market, traders reported fairly active early trading and interest in tobacco bonds after a Florida appeals court rejected a 145 billion dollar punitive damages verdict against tobacco companies.Bonds due in 2008 and 2013 yielded the same as Municipal Market Data's yield curve scale on May 20, 2003, while bonds maturing in 2018 yielded 15 basis points more and a 2028 maturity yielded 11 basis points more.


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