Markets - Market News
Market Close: Munis Steady Monday; Positive Performance for Year
Monday, December 24, 2012
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The tax-exempt market ended steady on Christmas Eve as most traders were home for the holidays, making for limited primary and secondary activity.

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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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