Market Post: Munis Flat, Firmer Tone in Morning Trade
Posted August 31, 2010Tax-exempts were unchanged to slightly firmer Tuesday amid light to moderate secondary trading activity.
“There’s a bit of a firmer tone,” a trader in New York said. “There isn’t a whole lot of activity though, so I’m not sure you can call it anything other than flat at this point. Maybe we’re better a basis point or so, but there’s just not a lot trading.”
To read the column in its entirety, go to The Bond Buyer web site.
Michael Scarchilli
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