NEW YORK – The tax-exempt market was slightly weaker with very light activity, as most traders recovered from a New York win in the Super Bowl. Munis followed Friday’s weaker direction. To read the column in its entirety, go to The Bond Buyer web site.Taylor Riggs…

The tax-exempt market was very quiet Monday morning as most traders recovered from a Super Bowl hangover. The primary calendar is expected to be very small this week, adding to the lull already in the market.“Munis are very quiet,” said a New York trader.To read the column in its entirety, go to The Bond Buyer web site.Taylor Riggs…

NEW YORK – The two-week muni rally paused on Friday as a better than expected employment report buoyed stocks and pulled Treasuries down, taking munis with them. To read the column in its entirety, go to The Bond Buyer web site.Taylor Riggs…

Munis were weaker Friday morning, following Treasuries, as positive employment data forced the risk-on trade.“We are down,” said a New York trader. “But in down markets muni traders get a bit scared. Muni traders are much better in trading up markets.”To read the column in its entirety, go to The Bond Buyer web site.Taylor Riggs…

NEW YORK – Tax-exempt investors don’t seem to mind investing in a market when yields across the curve are at or within reach of record lows. Demand was strong in the new issue market and secondary trading was firm. To read the column in its entirety, go to The Bond Buyer web site.Taylor Riggs…

After a big rally early in the week and a mixed day for the tax-exempt market Wednesday, munis are taking it easy Thursday.“Munis are quiet,” a New York trader said. Many of the deals expected to come to market Thursday were pushed up a day and priced Wednesday, further quieting muni land.To read the column in its entirety, go to The Bond Buyer web site.Taylor Riggs…

NEW YORK – The tax-exempt market ended mixed Wednesday as traders said there were both buyers and sellers in the market. To read the column in its entirety, go to The Bond Buyer web site.Taylor Riggs…

Traders are experiencing a love-hate relationship with the tax-exempt market on Wednesday. Muni traders say that while $25 billion of reinvestment money hit the market, which should spur buying, most buyers aren’t willing to participate while yields stay so low.“Treasuries are off a little and I still think there is a lot of cash today,” a Chicago trader said. “There is about $25 billion so there is cash still hanging around. If you’re compelled to…

NEW YORK – Tax-exempts defied muni market participants who said yields were too low to go further. On the last trading session on January, yields on the long-end hit new record lows as recorded by Municipal Market Data and yields in the intermediate term came close.

After a strong rally Monday, the tax-exempt market opened Tuesday steady as buyers waited for the primary market to provide direction.“Munis are pretty steady,” a New York trader said, adding the market is being balanced out with similar numbers of buyers and sellers. “Munis are strong again this morning. Some people, however, are looking to take profit here.”To read the column in its entirety, go to The Bond Buyer web site.Taylor Riggs…

NEW YORK – With no supply to provide direction, the tax-exempt market followed Treasuries higher as munis continued their fifth consecutive trading session of gains. To read the column in its entirety, go to The Bond Buyer web site.Taylor Riggs…

The tax-exempt market followed Treasuries higher Monday morning, as European woes pushed investors into safe haven assets.Munis rallied according to the Municipal Market Data scale. Yields were steady inside four years, and fell two basis points on the five- and six-years. Yields on the seven-year fell three to five basis points while the eight-year yield dropped four to six basis points. Outside nine years, yields plunged five to seven basis points.To read the column in…

NEW YORK – The supply and demand imbalance in the tax-exempt market continues to weigh on investors. To read the column in its entirety, go to The Bond Buyer web site.Taylor Riggs…

The tax-exempt market took a breather Friday morning as traders recovered from a mixed week that started out weaker and ended slightly stronger.“It’s very slow here,” a New York trader said. “The market feels quiet and flat. There is a very, very small bump if anything at all.”To read the column in its entirety, go to The Bond Buyer web site.Taylor Riggs…

NEW YORK – The tax-exempt market rallied for a third day Thursday, erasing almost all of the losses that hit munis the end of last week. Market participants that thought munis couldn’t handle this week’s supply were proven wrong, as deals in the primary market were priced well and the secondary market is showing huge gains. …