The Bond Market Association says it will monitor the potential New York transit strike closely, but so far anticipates that mortgage-backed security traders and other members will be able to operate during normal trading hours even if it occurs.The association said it has determined by surveying its New York-based membership that they will most likely be able to operate "in a normal or nearly normal manner" in the event the strike becomes a reality. However, the association said it would "modify its trading recommendation accordingly" if the strike turned out to have more of an impact on the bond market than expected. The association can be found online at http://www.bondmarkets.com.
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