The tax-exempt market traded slightly weaker Wednesday as new issue supply flooded the market, though traders were hesitant to call it a sell-off.
Market Post: Munis Weaken Though Far from Selloff
FEB 20, 2013 2:08pm ET
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"One of these things does not belong" is a catchy slogan and it comes to mind when looking at the latest tax policy ideas coming from Washington when looking at the municipal bond tax exemption. The exemption is not a result of the growth of a tax code designed to induce or reduce certain behaviors. Rather, it is the foundation for the flow of capital in a $3.7 trillion dollar market required to efficiently finance the nation's infrastructure.
the bond buyer conferences
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