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Market Close: Munis Lower As 10-Year Treasury Breaks Above 2%
by: Taylor Riggs
Wednesday, February 13, 2013
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The tax-exempt market ended lower Wednesday, following Treasuries, as market participants said new deals were relatively well received and balances from deals on Tuesday moved lower in the secondary.

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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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