James Ramage

NEW YORK — The grand saga of the municipal market concluded another brief chapter Thursday without advancing the story arc much.

NEW YORK — Slight activity in the primary or secondary markets has left municipals feeling a little slack.

NEW YORK — The municipal market is waiting for some trades to give investors a clearer picture Thursday.

More municipal bond sellers than buyers Wednesday fueled an increase in yields across the curve.

NEW YORK — More municipal bond sellers than buyers Wednesday fueled an increase in yields across the curve.

There are more sellers than buyers of municipal bonds so far Wednesday, and that’s fueling an increase in yields across the curve.

The municipal market has so far been taking a break from its recent weakening, as new issuance, light activity in the secondary, and hesitating Treasuries are providing little in the way of direction.

The municipal market witnessed the unwinding of the Federal Open Market Committee's Operation Twist as yields for tax-exempts and Treasuries backed up in the day's sell-off.

NEW YORK — The municipal market witnessed the unwinding of the Federal Open Market Committee's Operation Twist as yields for tax-exempts and Treasuries backed up in the day's sell-off.

Municipal bond yields continue to follow Treasuries Tuesday. As Treasury yields rise across the curve, tax-exempt yields are following, albeit less dramatically.

A moderately weak tone swept over the municipal market Monday, bathing it in slightly higher yields, thin volume in the secondary, and limited enthusiasm for the day’s primary issuance.

NEW YORK — A moderately weak tone swept over the municipal market Monday, bathing it in slightly higher yields, thin volume in the secondary, and limited enthusiasm for the day’s primary issuance.

A couple of large new deals out of New York and low activity in the secondary characterize the municipal market Monday afternoon.

The municipal market has started the week by pausing to digest last week’s dramatic rallying.

A day after muni yields plunged into the record books, the market paused to absorb the depths it has reached. Trading activity in the secondary, moderate to start the session, tailed off Friday into a state of wary and weary stasis.

NEW YORK — A day after muni yields’ plunge into the record books, the market paused to absorb the depths it’s reached. Trading activity in the secondary, moderate to start the session, tailed off Friday into a state of wary and weary stasis.

A relatively subdued municipal market has returned to normal volume levels in the secondary early Friday afternoon. This follows heavy volume the secondary saw Thursday, roiling in the fallout of the Fed’s Operation Twist and subsequent plunging Treasury yields.

The secondary market for muni bonds has quieted down Friday morning. By comparison, traders watched a veritable feeding frenzy Thursday, where every bit of supply in the secondary that wasn’t bolted down disappeared.

Municipal bond mutual funds saw inflows for a third consecutive week, and after six consecutive weeks of outflows.

The Federal Open Market Committee successfully pulled the Treasury yield curve out of the forge Wednesday and hammered it flatter over the anvil of Operation Twist.