TITLE

Muni Yields Up 3 to 5 Basis Points; Merrill Wins Maryland DOT Deal

AUTHOR(S)
Johnson, Anastasija
PUB. DATE
May 2003
SOURCE
Bond Buyer;5/29/2003, Vol. 344 Issue 31645, p2
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
Municipal bond yields rose between three and five basis points on May 28, 2003, while in the new-issue market Merrill Lynch & Co. won 195 million dollars of Maryland Department of Transportation consolidated transportation bonds with a low interest cost of 3.282 percent, out of three bids. A 2008 maturity yielded five basis points less than Municipal Market Data's triple-A yield curve scale for May 27, 2003, while bonds due in 2013 and 2018 yielded, respectively, six and five basis points more. Meanwhile, Morgan Stanley & Co. held the second day of the two-day retail order period for 650 million dollar of New York City general obligation bonds.
ACCESSION #
9986343

 

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