Muni Yields Rise on Falling Treasuries; Morgan Stanley Prices N.Y.C GO Deal

Johnson, Anastasija
May 2003
Bond Buyer;5/28/2003, Vol. 344 Issue 31644, p2
Trade Publication
Municipal bond yields rose one to four basis points on May 29, 2003 following the decline of Treasuries, while in the new-issue market, Morgan Stanley & Co. opened the first day of an expected two-day retail order period for 650 million dollar of New York City general obligation bonds. Jonathan Basile, economist at Credit Suisse First Boston, said the latest economic data reflected some improvement on the demand side of the economy. Regarding the tax deduction package approved by the Congress, George Friedlander, a fixed-income strategist at Citigroup Global Markets Inc., said that the reduction of tax rates on dividends would not have a significant impact on the demand for municipal bonds, but would influence bonds subject to alternative minimum tax.


Related Articles

  • Morgan Stanley Wins Top Ranking For Trading by Insurance Companies. Carpenter, Sheri // Bond Buyer;07/18/2000, Vol. 333 Issue 30934, p7 

    Focuses on First Call Corp.'s list of top firms for municipal bond market trading by insurance companies during the first quarter of 2000 in the United States. Total dollar amount of bonds traded for the first quarter owned by state-regulated insurance companies; Emergence of Morgan Stanley...

  • Munis Steady; California GOs Price. Scarchilli, Michael // Bond Buyer;4/11/2008, Vol. 364 Issue 32855, p2 

    The article reports on the performance of the municipal market bond on April 10, 2008 in the U.S. The yield of the ten-year treasury note closes at 3.52 percent as well as two-year note at 1.81 percent. Morgan Stanley & Co. Inc. priced the tax-exempt and taxable general obligations (GOs) of...

  • Muni Prices End Little Changed. Chesla, Nicholas // Bond Buyer;7/15/2002, Vol. 341 Issue 31427, p2 

    Reports developments on the bond market in New York City as of July 2002. Status of the municipal bond prices; Increase of retail sales; Initiation of the retail order period for the New York City obligation bonds by Morgan Stanley & Co.

  • Volume To Take A Big Hit. Scarchilli, Michael; Campbell, Dakin // Bond Buyer;5/29/2007, Vol. 360 Issue 32638, p1 

    The article reports on the projection that municipal bond market in the U.S. for May 2007, will experience a big drop to $2.6 billion in the holiday-shortened week. The expected volume is 67% lower than estimated $7.8 billion, which shows a 71% decline from a four-week average. Following a...

  • Munis Unchange.d to Slightly Weaker. Scarchilli, Michael // Bond Buyer;5/8/2008, Vol. 364 Issue 32874, p2 

    The article reports updates in the municipal bond market in the U.S. It states that the Treasury market has showed gains with a treasury note finishing at 3.86% and a yield of 2.33% at the end of the trading session. It states that Morgan Stanley & Co. Inc. has priced $431 million of tax-exempt...

  • New Issues Strong; Secondary Slightly Easier. Johnson, Anastasija; Curran, Bill // Bond Buyer;3/2/2006, Vol. 355 Issue 32330, p2 

    The article analyzes the performance of the American municipal bond market on March 1, 2006. Competitive issue offerings attracted strong bids. Lehman Brothers purchased Maryland general obligation bonds and reoffered them for yields. Morgan Stanley bought Virginia general obligation refunding...

  • Munis Unchanged to Slightly Firmer. Scarchilli, Michael // Investment Dealers' Digest;11/13/2009, Vol. 75 Issue 43, p12 

    The article reports on the market performance of municipal bonds in the U.S. on November 12, 2009. As market participants returned to work after the Veterans Day holiday, the municipal market was unchanged to slightly firmer, with tax-exempt and taxable bonds priced by Morgan Stanley & Co. In...

  • Upgraded California Sells $1.2B of GOs. Chin, Tonya // Bondbuyer.com;11/13/2014, p8 

    The article reports on the general obligation bonds (GOs) sold by California for 1.2 billion dollars on November 13, 2014. GOs were sold in three series of taxable, tax-exempt and refunding bonds as the result of improved credit quality of the state that would boost its volatile revenue...

  • Market Post: Calif., Tobacco Actively Traded in Overall Quiet Market. Riggs, Taylor // Bond Buyer;10/29/2013, Vol. 122 Issue 34003, p1 

    The article focuses on the higher-yielding credits in the municipal bond market. It reports that Buckeye Tobacco Settlement Financing Authority of Ohio has been one of the most actively traded firms in October 2013. It mentions about revenue bonds 300 million U.S. dollars of the Colorado Health...


Read the Article


Sign out of this library

Other Topics