-
Like a bad soufflé, the tax-exempt market collapsed Wednesday under the weight of new issuance and falling Treasury prices.
By Taylor RiggsMarch 14 -
Like a bad soufflé, the tax-exempt market collapsed Wednesday under the weight of new issuance and falling Treasury prices.
By Taylor RiggsMarch 14 -
The tax-exempt market continued its free fall, following Treasuries, as the biggest deal of the weak was priced for institutions.
By Taylor RiggsMarch 14 -
Like a runner on his or her last leg, the tax-exempt is struggling to finish a race. Municipals got slammed Wednesday morning after a small struggle Tuesday.
By Taylor RiggsMarch 14 -
The tax-exempt market was mostly weaker Tuesday despite Illinois' general obligation deal being very well-received in the primary.
By Taylor RiggsMarch 13 -
NEW YORK – The tax-exempt market was mostly weaker Tuesday despite the Illinois general obligation deal being very well received in the primary.
By Taylor RiggsMarch 13 -
The tax-exempt market was steady Tuesday as interest in new deals failed to push munis higher.
By Taylor RiggsMarch 13 -
The tax-exempt market was quiet Tuesday morning ahead of a big new issue day in the primary.
By Taylor RiggsMarch 13 -
The tax-exempt market was stronger Monday, following Treasuries, snapping an eight-day streak of consecutive losses.
By Taylor RiggsMarch 12 -
The tax-exempt market was stronger Monday, following Treasuries, snapping an eight day streak of consecutive losses.
By Taylor RiggsMarch 12 -
The tax-exempt market is stronger Monday, following Treasuries, but is quieter than last week as traders await the arrival of new deals.
By Taylor RiggsMarch 12 -
The tax-exempt market started stronger Monday, ending eight consecutive trading sessions of losses. Traders noted that until the Greece situation really gets resolved, the general tone of the market will not change.
By Taylor RiggsMarch 12 -
Tax-exempts ended lower for the week as the year's largest slate of new issuance overwhelmed the market. Most deals took concessions this week to get done.
By Taylor RiggsMarch 9 -
NEW YORK – The tax-exempt market ended lower for the week as the year’s largest week of new issuance overwhelmed the market. Most deals took concessions this week to get done.
By Taylor RiggsMarch 9 -
Traders gave off a sense of relief in the municipal market as supply next week is expected to be about half of what it was this week. Less supply should help the market continue to digest the large amount of new issues this week.
By Taylor RiggsMarch 9 -
The tax-exempt market was soft Friday as munis failed to hold up against a deluge of new supply. Positive economic news also helped to push munis lower, following Treasuries.
By Taylor RiggsMarch 9 -
The tax-exempt market weakened for its seventh consecutive trading session as munis collapsed under the year's largest week of new issuance.
By Taylor RiggsMarch 8 -
The tax-exempt market fell for its sixth consecutive trading session as munis collapsed under the year’s largest week of new issuance.
By Taylor RiggsMarch 8 -
The tax-exempt market continued to weaken Thursday afternoon as traders wait for more attractive yields, despite having cash to put to work.
By Taylor RiggsMarch 8 -
The tax-exempt market continued to weaken Thursday morning for its sixth consecutive session as traders have decided to sit back and wait for more attractive yields before jumping into the market. Most of the larger deals in the primary market were priced earlier in the week and traders said they will now look to the secondary for direction.
By Taylor RiggsMarch 8