Market Post: Munis Unch to Slightly Firmer
Posted September 24, 2009 | Gary SiegelThe municipal market was unchanged to slightly firmer this morning. Traders said tax-exempt yields were flat to lower by one or two basis points in spots.
"There´s not a lot of movement right now, but I think we´re leaning a bit toward the firmer side," a trader in New York said. "You could call it unchanged and really not be wrong, but I do think there are little pockets of firmness out there, and if you´ve got the right paper, you can pick up maybe even two or three basis points."
To read the column in its entirety, go to The Bond Buyer web site.
Michael.Scarchilli@sourcemedia.com
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