Taylor Riggs

The tax-exempt market had no trouble handling the large supply that came in the primary Wednesday.

NEW YORK – The tax-exempt market had no trouble handling the large supply that came in the primary market Wednesday. Deals were oversubscribed even as a large deal was priced a day ahead of schedule.

With still a lot of cash on the sidelines, tax-exempt investors are buying up bonds in the primary market. Traders noted the uptick in supply this week has not scared away investors and many deals are still oversubscribed.

Traders are staying busy as the primary market is taking all the attention in the tax-exempt market Wednesday morning. Munis are steady ahead of new deal pricings, even as Treasuries fall lower on positive economic news.

The tax-exempt market absorbed one of the largest days of new issuance this week very well as traders said new orders were flowing in during retail order periods.

NEW YORK – The tax-exempt market absorbed one of the largest days of new issuance this week very well as traders said new orders were flowing in during retail order periods. Other traders noted they weren’t getting too excited as the real test will come later this week.

The tax-exempt market is holding firmer ground despite an uptick in supply. Deals are being well received in the market place and secondary trading activity is stronger.

The largest week of new issuance so far this year is well underway as traders said there is a spurt of buying in both the primary and secondary markets.

The tax-exempt market was quiet Monday as traders look ahead to the year’s largest weekly calendar of new issuance to date.

NEW YORK – The tax-exempt market was quiet Monday as traders look ahead to the year-to-date’s largest weekly calendar of new issuance. While some traders are nervous about how the market can absorb the uptick in supply, yields still remain near record lows.

Activity in the tax-exempt market was quiet Monday afternoon as traders waited for new deals to come later in the week.

The tax-exempt market is seek direction from the primary market this week as traders look forward to the year-to-date’s largest weekly calendar of new issuance. Despite the anticipated uptick in supply, yields remain near record low levels.

Herbert J. Sims, one of the oldest municipal bond underwriters, has acquired Braintree Capital Partners in its effort to expand into the investment management business.

The tax-exempt market ended on a stronger note as munis strengthened on Friday after weakening all week.

NEW YORK – The tax-exempt market ended on a stronger note as munis strengthened on Friday after weakening all week.

The tax-exempt market showed signs of slowing Friday afternoon as traders started to focus on the heaviest new-issue calendar of the year to date, expected next week.

The tax-exempt market seems to be on better footing Friday morning after five consecutive days of flat or weakening munis.

Throughout the week, most traders have been mixed on the market. Most deals have been received and many were bumped up in size. But other deals have cut prices to get them out the door.

Throughout the week, most traders have been mixed on the market.

Traders were focused on the primary as two larger deals priced early Thursday, but as attention on those deals waned, dealers shifted their sights to the secondary market.