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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 -
The tax-exempt market declined for the fifth consecutive trading day, as this week’s supply is far more than demand.
By Taylor RiggsMarch 7 -
The tax-exempt market continued steep declines for the fifth consecutive trading day as demand is far less than supply this week. Deals in the primary market are getting done only by taking price cuts.
By Taylor RiggsMarch 7 -
The tax-exempt market continues to weaken Wednesday as demand fails to match supply.
By Taylor RiggsMarch 7 -
The tax-exempt market is looking to the biggest deals on the calendar Wednesday for direction.
By Taylor RiggsMarch 7 -
The tax-exempt market is struggling to hold its ground amid the year’s largest week of municipal issuance.
By Taylor RiggsMarch 6 -
NEW YORK – The tax-exempt market is struggling to hold its ground amidst the year’s largest week on municipal issuance. The primary and secondary market was noticeably weaker, although one deal bumped up prices – showing demand is still strong for certain credits.
By Taylor RiggsMarch 6 -
The tax-exempt market is struggling under the weight of new supply. While the primary and secondary markets are weaker, one deal in the primary was able to bump prices – hinting demand is still strong for certain credits.
By Taylor RiggsMarch 6 -
The tax-exempt market is struggling to get a firm footing Tuesday morning as traders say the market is much weaker and many deals are struggling to get done.
By Taylor RiggsMarch 6 -
The tax-exempt market was calm before the storm. On Monday, traders were patiently waiting for the year's largest slate of new issuance to start pricing this week.
By Taylor RiggsMarch 5 -
NEW YORK – The tax-exempt market was calm before the storm. On Monday, traders were patiently waiting for the year’s largest week of new issuance to start pricing this week.
By Taylor RiggsMarch 5