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The tax-exempt market appears to have stabilized after Monday’s double digit fall in municipal bond yields. The new issue market is being priced well with underwriters lowering yields in repricing.
By Taylor RiggsApril 10 -
The tax-exempt market had a hesitant tone Tuesday morning as traders couldn’t decide which way the market was heading after a double-digit rally Monday.
By Taylor RiggsApril 10 -
The tax-exempt market surged higher on Monday as traders played catch-up on a flight-to-quality rally that hit Treasuries last Friday. Municipal bond yields fell double digits to lows not seen in a month.
By Taylor RiggsApril 9 -
The tax-exempt market surged higher on Monday as traders played catch up on a flight to quality rally that hit Treasuries last Friday. Municipal bond yields fell double digits to lows not seen in a month.
By Taylor RiggsApril 9 -
The tax-exempt market continued to gain Monday afternoon as traders who were out on Friday got caught up on the market. Participants said most of the stronger trades were in response to Friday’s flight to quality.
By Taylor RiggsApril 9 -
The tax-exempt market rallied Monday for the second consecutive trading session, following Treasuries, as nervous investors led a flight to quality.
By Taylor RiggsApril 9 -
The tax-exempt market ended stronger Thursday as a flight to safety, led by Treasuries, buoyed municipals. Overall for the week, larger deals were received well despite yields ending up.
By Taylor RiggsApril 5 -
NEW YORK – The tax-exempt market ended stronger Thursday as a flight to safety, led by Treasuries, buoyed municipals. Overall for the week, larger deals were received well despite yields ending up for the week.
By Taylor RiggsApril 5 -
The tax-exempt market is stronger Thursday afternoon as traders take advantage of the flight to safety led by Treasuries before the holiday weekend begins.
By Taylor RiggsApril 5 -
The tax-exempt market was firmer, following Treasuries higher, as a flight to safety buoyed both markets. Municipal trading activity has calmed since the early morning as most traders look forward to the long holiday weekend.
By Taylor RiggsApril 5 -
The tax-exempt market ended steady Wednesday as the competitive calendar led with a strong tone in the morning, but was followed by mixed reaction in the secondary market in the afternoon.
By Taylor RiggsApril 4 -
NEW YORK – The tax-exempt market ended steady Wednesday as the competitive calendar led with a strong tone in the morning, but was followed by mixed reaction in the secondary market in the afternoon.
By Taylor RiggsApril 4 -
The tone in the tax-exempt market was mixed Wednesday afternoon as deals in the primary market were doing well, but secondary activity was mixed.
By Taylor RiggsApril 4 -
The tax-exempt market was steady Wednesday morning ahead of several large deals expected to sell in the competitive market. Traders are also starting to close their books for the week as the holidays approach.
By Taylor RiggsApril 4 -
Traders in the tax-exempt market said the tone felt firmer Tuesday as many deals were priced ahead of schedule to take advantage of demand.
By Taylor RiggsApril 3 -
NEW YORK – Traders in the tax-exempt market said the tone felt firmer Tuesday as many deals were priced ahead of schedule to take advantage of demand.
By Taylor RiggsApril 3 -
The tax-exempt market was firmer Tuesday afternoon as at least three large deals were priced a day ahead of schedule, as a result of strong demand. Traders say the tone of the market is much stronger than it’s been.
By Taylor RiggsApril 3 -
The tax-exempt market was stronger Tuesday morning, following Treasuries, as traders scramble to take advantage of market liquidity before it shuts down for a holiday-shortened week.
By Taylor RiggsApril 3 -
Tax-exempts were weaker for the third consecutive trading session as few new deals and a lack of enthusiasm in a holiday-shortened week provided little impetus to move the municipal market higher.
By Taylor RiggsApril 2 -
NEW YORK – The tax-exempt market was weaker for the third consecutive trading session as lack of new deals and enthusiasm in a holiday-shortened week failed to provide impetus to move the muni market higher.
By Taylor RiggsApril 2