Markets - Market News
Market Close: Munis Grind Higher On Lack of Primary
Tuesday, January 8, 2013
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The tax-exempt market ended Tuesday on a firm note for the second trading session this week and limited new issue supply has forced buyers to turn to the secondary market.

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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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