|
|
Article: Jewish holiday keeps market quiet as traders stay tuned for jobs data. (Corporate Securities) (Column)
- Article from:
- The Bond Buyer
- Article date:
- September 29, 1992
- Author:
CopyrightCOPYRIGHT 1992 SourceMedia, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
High-grade corporate bond prices ended a sleepy session unchanged to 1/4 point higher yesterday as Rosh Hashanah thinned ranks, traders said.
"It's right before quarter's end, it's the Jewish holiday, and a Monday," one trader said.
"Maybe we're up a little bit with the government market, but we're not up tick for tick," another trader said.
A third trader pointed out that while the market's top tier was holding firm, some single-A and BBB credits were coming under pressure from a heavy new junk, calendar and rating agencies' actions.
Meanwhile, traders are awaiting Friday's release of September employment figures.
"I think ...