Press Release: 10/15/03 11:00 AM Eastern
MunicipalBonds.com
2003 / 3rd Quarter — More Negative Yields and Wide Spreads in the Muni
Markets
Negative Yields
Investors continue to be sold Municipal Bonds at negative returns. In the
3rd Quarter of 2003, MunicipalBonds.com has uncovered a total of at least
1,729 negative yield markets. To view the entire 2003/Q3 Negative Yields
list please link to:
http://www.municipalbonds.com/yields/report2003Q3.html
The problem of Negative Yields in the Muni Markets also continues to
escalate. Total numbers of Negative Yield markets grow every year and
quarter we make our studies:
2003/Q3 - 1,729 negative yield markets
2003/Q2 - 1,354
2003/Q1 - 1,135
2002/full year - 1,681
2001/full year - 779
2000/full year - 512
MunicipalBonds.com again asks Congress, the SEC, the MSRB and the NASD...as
well as State Securities Regulators -- what is up with these negative
yields? and what are you going to do?
Worst Spreads
Wide and potentially illegal spreads also continue to plague the Muni
Markets. In it's continuing series, MunicipalBonds.com releases the
following Worst Spreads Reports for the 3rd Quarter of 2003:
2003/Q3 One Hundred Worst Bid/Offer Spreads:
http://www.municipalbonds.com/redflag/report2003Q3.html
2003/Q3 One Hundred Worst Bid-side Spreads:
http://www.municipalbonds.com/redflag/report2003Q3bid.html
2003/Q3 One Hundred Worst Offer-side Spreads:
http://www.municipalbonds.com/redflag/report2003Q3offer.html
2003/Q3 One Hundred Worst "Two-Trade" Spreads: Do these types of trades
better expose intent?
http://www.municipalbonds.com/redflag/report2003Q3two.html
Contact: Kevin Olson
Company: MunicipalBonds.com
Phone: 415-922-7870
Email: Kevin@MunicipalBonds.com
URL: http://www.MunicipalBonds.com
 
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