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Markets - Market News
Market Post: Steady Tone as Cash Supports Primary Market
by: Taylor Riggs
Thursday, December 6, 2012
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The tax-exempt market received new issues extremely well this week as most traders noted deals were oversubscribed and cash on the sidelines continues to support the market.

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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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