James Ramage

NEW YORK — Friday’s trading session offered little for anyone in the municipal bond market. Yields barely moved, thereby remaining oppressively low to many participants. And the day’s inactivity proved Thursday’s rally to have been a brief affair.

NEW YORK — The municipal market has adopted a somewhat weaker tone heading into the afternoon. Little activity in the secondary, tentatively rising Treasury yields, and slight concessions in what little product remains on the Street have combined to push muni prices somewhat lower.

The sell-off over the past two weeks has brought municipal bond prices to levels that, apparently, are more acceptable to investors. Consequently, muni bond mutual funds saw inflows, after a week of outflows.

As much as municipal bond yields have risen over the past 10 days or so, the risk-reward balance reached a sufficient state of equilibrium to generate activity in the primary and secondary markets Thursday.

NEW YORK — As much as municipal bond yields had risen over the past 10 days, or so, the risk-reward balance reached a sufficient state of equilibrium to generate activity in the primary and secondary markets Thursday.

NEW YORK — Activity in the municipal bond secondary market has picked up Thursday as the week’s primary deals find their way into the secondary. Still, some deals are clearing more cheaply during the rally, a trader in New York said.NEW YORK — Activity in the municipal bond secondary market has picked up Thursday as the week’s primary deals find their way there. Still, some deals are clearing more cheaply during the rally, a trader in New York said.

NEW YORK — The municipal market started the morning firmer — words that haven’t been written in roughly three weeks.

Traders Tuesday spoke of how this week’s Chicago Board of Education deal that Jefferies & Co. priced would represent a sort of bellwether for the municipal market, based on how it was structured.

NEW YORK — Traders Tuesday spoke of how this week’s Chicago Board of Education deal that Jefferies & Co. priced would represent a sort of bellwether for the municipal market, based on how it was structured.

Municipal yields have started to take to the air as the week’s new issuance is finding buyers for a price. According to a scale read, yields are up across all but the front end, and by as much as four basis points on the long end.

The municipal market Wednesday in some aspects resembles itself at this point last week. There is a lot of new issuance set to arrive as Treasuries are selling off.

An upsurge in retail activity in an otherwise quiet day marked a bright spot in the municipal market as it emerged from a week of selling.

NEW YORK — An upsurge in retail activity in an otherwise quiet day marked a bright spot in the municipal market as it emerged from a week of selling.

Looking out over the market Tuesday, several factors augur for a challenging week for municipal bonds.

The municipal yield curve held steady at the end of a rough week amid a surge in supply that had dealt blows to the belly and at the long end.

NEW YORK — The municipal market yield curve survived a rough week amid a surge in new supply, taking numerous blows to belly and out at the long end.

Lower-than-expected demand for this week’s new supply is forcing difficult decisions from muni bond dealers who are growing anxious about their inventory levels and the volatility of yields.

It’s been a difficult week for new issuance in the municipal market.

The volatility and uncertainty in the bond markets have caught up with the behavior of municipal bond fund investors. As a result, muni mutual funds saw outflows after four straight weeks of inflows.

The municipal market quietly ended Thursday’s session with a weaker tone as yields mostly moved in tandem with Treasuries.