Markets - Market News
Market Close: Munis End Weaker After Quiet Day
Monday, December 10, 2012
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The tax-exempt market ended steady to slightly weaker as traders said there was a lull in activity despite a few deals pricing for retail Monday.

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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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