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Tax-exempt yields strengthened alongside Treasuries at Thursday's open, but then stalled in afternoon trading and eventually returned to Wednesday’s levels as Treasury rates swung back.
June 9 -
The muni market had a choice Wednesday: follow a new batch of bearish comments from bank analyst Meredith Whitney, or follow the rally in Treasuries. The latter won.
June 8 -
The muni market had a choice Wednesday: follow a new batch of bearish comments from bank analyst Meredith Whitney, or follow the rally in Treasuries. The latter won.
June 8 -
Tax-exempt bonds weakened along the curve Tuesday, erasing much of the modest rally seen late last week. But while secondary bids were soft, new-issue pricing was firm to strong.
June 7 -
Tax-exempt prices should stay elevated given how slim new issuance is, but retail demand is unenthused about low rates.
June 6 -
Tax-exempt prices should stay elevated given how slim new issuance is, yet retail demand is unenthused about low rates.
June 6 -
Tax-exempts continued their quiet rally for a third day Friday, guided by a strengthening Treasury market initiated by the slimmest nonfarm payrolls gain in 2011.
June 3 -
Tax-exempts continued their quiet rally for a third day Friday, guided by a strengthening Treasury market initiated by the slimmest non-farm jobs gain in 2011.
June 3 -
Municipal bond yields declined as much as three basis points in early trading Thursday, but demand failed to keep pace in the afternoon. At day’s end, yields were flat to a single basis point firmer.
June 2 -
Municipal bond yields declined as much as three basis points in early trading Thursday, but demand failed to keep pace in the afternoon. At day’s end, yields were flat to a single basis point firmer.
June 2 -
The muni market finally awoke from an eight-day slumber.
June 1 -
The muni market finally awoke from an eight-day slumber.
June 1 -
A weak batch of economic data prompted Treasuries to rally to their lowest yields in 2011 and helped breathe some life into the sleepy tax-exempt market.
May 31 -
A weak batch of economic data prompted Treasuries to rally to their lowest yields in 2011 and helped breathe some life into the sleepy tax-exempt market.
May 31 -
Municipal bonds ignored a volatile Treasury market Friday and simply held steady throughout the curve amid quiet trading.
May 27 -
Municipal bonds ignored a volatile Treasury market Friday and simply held steady throughout the curve amid quiet trading.
May 27 -
Municipal bonds held steady across the yield curve Thursday, capping a slow and steady week that saw tax-exempt yields rise about one basis point throughout.
May 26 -
Muni bonds held steady across the yield curve Thursday, capping a slow and steady week that saw tax-exempt yields rise about one basis point throughout.
May 26 -
Wednesday’s market offered little, save for a fourth day of steady yields.
May 25 -
Wednesday’s market offered little save for a fourth day of steady yields.
May 25
