The tax-exempt market ended mostly steady Thursday after a big rally earlier in the week that traders said was driven by cash on the sidelines being put to work and creating more demand than supply.
Market Close: Munis End Steady After Big Rally Week
NOV 29, 2012 4:37pm ET
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"One of these things does not belong" is a catchy slogan and it comes to mind when looking at the latest tax policy ideas coming from Washington when looking at the municipal bond tax exemption. The exemption is not a result of the growth of a tax code designed to induce or reduce certain behaviors. Rather, it is the foundation for the flow of capital in a $3.7 trillion dollar market required to efficiently finance the nation's infrastructure.
the bond buyer conferences
March 26-28, 2014Fontainebleau Miami Beach, Miami Beach, FL
May 1- 2, 2014Hyatt Regency, Baltimore, MD