The tax-exempt market continued to post gains Thursday as the majority of the deals had already been priced and bonds were subsequently trading up in the secondary.
Market Post: Primary Received Well, Munis Trade Higher in Secondary
NOV 15, 2012 1:54pm ET
You must be registered to post a comment. Click here to register.
Already registered? Log in here
A recent phenomenon is the emergence of bonds with shorter call protection as funding alternatives for municipalities. However, the shorter call protection also dampens the potential upside for investors, which in turn reduces the price they are willing to pay.
the bond buyer conferences
May 1- 2, 2014Hyatt Regency, Baltimore, MD
The Roosevelt Hotel, New York, NY