Fed backstop for U.S. muni market may ease some rate pressures
The battered U.S. municipal
bond market could get a limited boost from the Federal Reserve’s
announcement it was expanding its money market support program
to include short-term muni debt as collateral, analysts said on
Friday.
bond market could get a limited boost from the Federal Reserve’s
announcement it was expanding its money market support program
to include short-term muni debt as collateral, analysts said on
Friday.
Posted by Reuters
