Market Post: Munis Flat to Weaker in Morning Trade
Posted September 1, 2010The municipal market was unchanged to slightly weaker Wednesday in light to moderate secondary trading activity.
“There’s actually a little bit of weakness out there right now,” a trader in New York said. “There isn’t a ton of activity, so I’m not sure if they’ll cut the scale ultimately, but it feels off maybe a basis point or two.”
To read the column in its entirety, go to The Bond Buyer web site.
Michael Scarchilli
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