Taylor Riggs

The tax-exempt market was calmer Thursday morning after a flurry of new deals came to the market Wednesday. Traders took the morning to recover from yesterday’s deals ahead of several more big deals expected to come to market today.

The primary market took center stage in the municipal market as most of the bigger deals of the week arrived on Wednesday.

The primary market took center stage in the municipal market as most of the bigger deals of the week came to market Wednesday. Some traders noted the large amount of deals forced some price cuts, but said that didn’t take away from the fact that deals were well received.

The biggest deals in the tax-exempt market took small concessions as they competed for attention in the primary market Wednesday. Despite some lower adjusted prices, traders said demand is still strong.

The tone of the tax-exempt market was mixed Wednesday morning as some traders said the market is struggling with the $5 billion in new issuance in a holiday-shortened week while others said deals were being priced well and the market isn’t as weak as some believe.

The tax-exempt market was weaker Tuesday as munis followed Treasuries lower on positive news from Greece.

The tax-exempt market was weaker Tuesday as munis followed Treasuries lower on positive news from Greece. While munis were weaker, many traders said deals in the primary market were being priced attractively and saw strong interest, highlighting demand from investors in the supply-starved market.

Tax-exempt bonds in the new issue market are being priced well despite a rally in the stock market and weaker Treasuries, traders said.

Positive news that Greece will receive its second bailout package pushed some investors into riskier assets, forcing Treasuries and munis lower. But not all traders think the Greek drama is over, and many expect munis to stay stronger until a final resolution is reached in Europe.

The tax-exempt market was quiet Friday as traders closed early ahead of the three-day weekend. Overall for the week, deals were very well received, many new issues were bumped up in size, and yields fell across the board.

The tax-exempt market was quiet Friday as traders closed early ahead of the three-day weekend. Overall for the week, deals were very well received, many new issues were bumped up in size, and yields fell across the board.

The tax-exempt market was showing signs of weakening Friday afternoon as most traders closed up early for the three-day weekend.

The tax-exempt market was taking a breather Friday. After a hectic week where deals were very well received and many issues were bumped up in size, traders were looking forward to the long weekend.

Munis defied Treasuries as the tax-exempt market strengthened throughout Thursday despite weaker Treasuries on positive U.S. economic news.

NEW YORK – Munis defied Treasuries Thursday as the tax-exempt market strengthened throughout the day despite weaker Treasuries on positive U.S. economic news.

Despite very positive economic news that pushed investors out of Treasuries and into more risky markets, munis held their ground Thursday afternoon.

The tax-exempt market appeared to be taking a pause Thursday after strengthening for four consecutive sessions as positive economic news took the stage.

The tax-exempt market was stronger Wednesday, following Treasuries, as industrial production failed to meet expectations and more fears out of Greece pushed investors into safe-haven assets. Response to the minutes of the Federal Open Market Committee Wednesday afternoon was muted.

NEW YORK – The tax-exempt market was stronger Wednesday, following Treasuries as industrial production failed to meet expectations and more fears out of Greece pushed investors into safe-haven assets. Response to the minutes of the Federal Open Market Committee Wednesday afternoon was muted.

The tax-exempt market is firmer Wednesday as demand for bonds across the rating spectrum continues to outweigh supply.