The tax-exempt market ended Thursday weaker for the fourth consecutive session this week as traders said bids were cheapening each day as the week progressed due to a flood of supply.
Market Close: Muni Losses Continue As Traders Cut End Of Year Inventory
DEC 13, 2012 5:30pm 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