Demand For Bonds Decreases In Philadelphia
Category:
State:
Multi-State
County:
Philadelphia
Control #:
US-00415BG
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A Bond is a document with which one party promises to pay another within a specified amount of time. The term "demand" means that the principal plus any interest is due on demand by the bondholder rather than on a specific date. Bonds are used for many things, including borrowing money or guaranteeing payment of money. A bond can be given to secure performance of particular obligations, including the payment of money, or for purposes of indemnification. The validity of a "private" bond, payable upon demand, is determined by the same principles applicable to contracts generally. The purpose of the bond must not be contrary to public policy; it must be supported by a valuable consideration; and there must be a clear designation of the obligor and the obligee. A bond procured through fraud or duress may be unenforceable, but mistake on the part of the obligor as to the contents of a bond, or its legal effect, is not a defense to enforcement of the bond.
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Open market purchases raise bond prices, and open market sales lower bond prices. So, open market operations (OMOs) affect bond prices.Demand for the bond would decline, and the yield would rise until supply and demand reached a new equilibrium. The Effect of Monetary Policy on Bond Yields. In the municipal market, where demand for bonds has slacked amid mutual fund redemptions, prices in the secondary market fell for the second consecutive day. Under the laws of the Commonwealth of.
