Markets - Market News
Market Post: Munis Improve as Secondary Trades Up
Tuesday, January 15, 2013
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The tax-exempt market continued to strengthen Tuesday afternoon as traders said deals in the primary were trading up in the secondary and prices were expected to hold.

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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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