Patrick McGee

The tax-exempt bond rally continued Tuesday with certain spots on the yield curve falling two basis points to fresh calendar-year lows.

The tax-exempt bond rally continued Tuesday with certain spots on the yield curve falling two basis points to fresh calendar year lows.

The municipal bond rally paused Monday with tax-exempt prices holding at calendar-year highs. Traders said they are awaiting new deals this week before moving in either direction.

The municipal bond rally paused Monday with tax-exempt prices holding at calendar year highs. Traders say they are awaiting new deals this week before moving in either direction.

The Internal Revenue Service just can’t catch a break in its quest to retrieve $700 million in tax refunds from defunct bond insurer Ambac Assurance Corp.

Trading was quiet and prices steady on the final day of the week. Analysts said the calm was reassuring in light of volatile Treasury, equity, and commodity markets.

Trading was quiet and steady on the final day of the week. Analysts said the calm was reassuring in light of volatile Treasury, equity, and commodity markets.

Who needs Build America Bonds to keep borrowing costs low? The tax-exempt rally extended for an 18th session Thursday as yields fell to their lowest levels since November.

Who needs Build America Bonds to keep borrowing costs low? The tax-exempt rally extended for an 18th session Thursday as yields fell to their lowest levels since November.

Muni trading was active as yields fell as much as six basis points Wednesday. Buyers fought for tax-exempt paper as new issuance was slight and Treasury rates fell across the curve.

Muni trading was active as yields fell as much as six basis points Wednesday. Buyers fought for tax-exempt paper as new issuance was slight and Treasury rates fell across the curve.

The municipal bond rally that began April 11 continued Tuesday as some of the biggest deals in another relatively light week were easily absorbed in the primary market.

The municipal bond rally that began April 11 continued Tuesday as some of the biggest deals in another relatively light week were easily absorbed in the primary market.

Ambac Assurance Corp.’s rehabilitation plan won’t take effect in May as planned, meaning that frozen claims on roughly $50 billion of risky assets will remain unpaid until further notice.

Tax-exempt yields remained steady Monday despite a knee-jerk sell-off in Treasuries following Sunday night’s news that Osama bin Laden was killed by U.S. forces.

Tax-exempt yields remained steady Monday despite a knee-jerk sell-off in Treasuries following Sunday night’s news that Osama bin Laden was killed by U.S. forces.

NEW YORK - Bob Fields has departed Pacific Investment Management Co. after 10 years to join JPMorgan Asset Management as an executive director and client portfolio manager in its tax aware fixed income group.

Assured Guaranty Corp. announced Wednesday it would begin the process that eventually should lead to it directly guaranteeing bond insurance policies originally issued by the now-defunct CIFG Assurance North America.

Assured Guaranty Corp. announced Wednesday it would begin the process that eventually should lead to it directly guaranteeing bond insurance policies originally issued by the now-defunct CIFG Assurance North America.

RBC Capital Markets said that 25-year market veteran Arthur Chan has joined its New York office to devise financing solutions and provide quantitative analysis for its banking clients.