The municipal market started the week with a weaker tone, picking up right where it left off last week. Yields appear around five basis points higher beyond the front end of the curve, traders say. Fear and uncertainty, in addition to the looming holidays, are hammering the market.
Munis' Rough Stretch Continues
DEC 17, 2012 10:52am ET
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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