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Article: Massachusetts, N.J. lead busier primary action; secondary quiet.(Massachusetts Bay Transportation Authority, New Jersey Housing and Mortgage Finance Agency)(Municipal Market)(Column)
- Article from:
- The Bond Buyer
- Article date:
- September 21, 1995
- Author:
CopyrightCOPYRIGHT 1995 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)
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A competitively bid $200 million Massachusetts Bay Transportation Authority loan and a negotiated $175.9 million New Jersey Housing and Mortgage Finance Agency housing bond issue dominated a primary arena that was busier yesterday than earlier this week.
Response to the new issues was generally positive, underwriters noted, and most of the new deals were well received.
Meanwhile, secondary trading was muted in comparison and municipal bond prices were quoted unchanged to up #1/8 at the end of the session. Bid wanted lists were estimated at $300 million to $400 million.
In the Treasury market the long bond rebounded from early losses to close up #7/32 ...