Municipal bond prices fell with Treasuries yesterday following stronger-than-expected growth in June durable goods orders, while brisk demand greeted California's $3 billion of short-term notes.

Walter Beveridge, portfolio manager of the $1.24 billion Schwab California Tax-Exempt Money Fund and the $2.9 billion Schwab Tax-Free Money Market Fund, was among the buyers of the California revenue anticipation notes.

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