Taylor Riggs

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

The tax-exempt market continued to trade mostly steady from last week’s levels as traders said the holiday-shortened week could be preventing a big move in the muni market.

The tax-exempt market started off slowly Monday morning as traders wait for primary issuance to provide a jump start.

Municipal bond yields rose slightly Thursday and Friday after a double-digit rally earlier in the week.

NEW YORK – The tax-exempt market ended the week on a weaker note, with yields rising slightly Thursday and Friday after a double digit rally earlier in the week. Overall, traders said the primary market saw very good reception due to the limited supply, and expect that to continue going into next week.

The tax-exempt market was mixed Friday afternoon as traders said they were confused by this week’s activity. The market started the week out very firm, and then started to weaken Thursday. On Friday afternoon, traders still did not have a consensus about the tone of the market.

The tax-exempt market was steady in morning trading after Thursday saw a slight back up in yields, although activity was up in the secondary market.

The tax-exempt market was weaker after investors had enough of a week-long rally that slashed yields some 25 basis points in the belly of the curve.

NEW YORK – The tax-exempt market moved weaker after investors had seen enough of a rally that pushed yields down 25 basis points in the belly of the curve. Primary deals saw good reception this week on lower supply, but secondary trades started fading by Thursday morning.

The tax-exempt market was lower Thursday, bucking a six-day trend of firming as secondary trades turned weaker.

The rally in the tax-exempt market appeared to halt Thursday morning as trades in the secondary started to slow. Traders said that overall for the week, deals in the primary market saw good reception.