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Market Close: Munis End Steady After Big Rally Week
by: Taylor Riggs
Thursday, November 29, 2012
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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.

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Commentary - When It May Be Virtually Free to Be Tax Free
Before the financial crisis of 2008-09, it would have been significant news if yields on municipal bonds had exceeded those on Treasury securities at any maturity, and that occurrence likely would have attracted a variety of investors seeking to take advantage of the relative-value opportunity.

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