Markets - Market News
Market Close: Munis End Week Stronger Despite Low Volume
Friday, December 28, 2012
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The tax-exempt market ended higher Friday as traders said it was a busier than usual trading day as dealers got their books in order before the end of the year.

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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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