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Markets - Market News
Market Close: Muni Losses Continue As Traders Cut End Of Year Inventory
by: Taylor Riggs
Thursday, December 13, 2012
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The tax-exempt market ended Thursday weaker for the fourth consecutive session this week as traders said bids were cheapening each day as the week progressed due to a flood of 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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