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Article: Munis Unchanged to Slightly Firmer.(Market News)
- Article from:
- The Bond Buyer
- Article date:
- November 13, 2009
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Byline: Michael Scarchilli
The municipal market was unchanged to slightly firmer, as market participants returned to work after the Veterans Day holiday.
"There's some strength in spots," a trader in Los Angeles said. "There's not too much going on, and we're not seeing too much movement, but I think depending on the credit, you can definitely pick up a basis point or two. It's not really any particular part of the curve, it's sort of here and there. But there are pockets of firmness."
"It's fairly quiet at this point," said a trader in New York. "People are sort of settling in, and getting their bearings after the day off yesterday. Given that ...