Taylor Riggs

After looking much stronger this week than last, the tax-exempt market is starting off Wednesday hesitant.

The tax-exempt market ended Tuesday firmer as new deals in the primary market were priced well and secondary trades were stronger.

NEW YORK – The tax-exempt market ended Tuesday firmer as new deals in the primary market were priced well and secondary trades were stronger.

Activity in the tax-exempt market is picking up Tuesday as dealers are focused on new pricings in the primary market and secondary trading activity is firmer.

The tax-exempt market is beginning to react to President Barack Obama’s budget proposal that came out Monday. Traders said munis are rallying on fears that taxes will be going up for the rich, forcing money into the tax-free market.

The tax-exempt market was steady and quiet Monday with yields unchanged from Friday's levels and traders noting that a whole lot of nothing was happening in munis.

New York – The tax-exempt market was steady and quiet Monday with yields unchanged from Friday’s levels and traders noting that a whole lot of nothing was happening in munis.

The tax-exempt market continues to remain quiet, as limited activity in the primary market provides no force for secondary trades.

The tax-exempt market is looking ahead to new pricings this week to provide direction, a break from last week when munis mainly followed Treasuries.

The tax-exempt market ended last week on a strong note after five consecutive days of losses.

NEW YORK – The tax-exempt market ended the week on a strong note after five consecutive days of losses. On Friday, munis followed Treasuries higher after European finance leaders rejected Greece’s spending cuts and once again pushed investors into safe haven assets.

After rallying Friday morning on negative news from Greece, the tax-exempt market was holding steady in the afternoon.

The tax-exempt market is ending the week on a strong note, following Treasuries, after European finance leaders rejected Greece’s spending cuts and once again pushed investors into safe haven assets.

The tax-exempt market slipped lower Thursday for the fifth consecutive session, following Treasuries. Limited supply failed to provide direction for munis so bond prices fell on positive reports that Greece is closer to receiving a bailout to avoid default and positive news from the United States that unemployment claims fell.

NEW YORK – The tax-exempt market continued to slip lower Thursday for its fifth consecutive day, following Treasuries. Limited supply failed to provide direction for munis and so the bonds fell lower on positive reports that Greece is closer to receiving a bailout to avoid default and positive news from the U.S. that unemployment claims fell.

The tax-exempt market continued to weaken Thursday afternoon as limited supply provided no direction. While activity was up from previous days this week, munis followed Treasuries lower on good news from Greece and better-than-expected unemployment claims.

Activity in the tax-exempt market picked up Thursday morning as dealers seemed more willing to participate. Traders said reaction to positive news from Greece and a drop in unemployment claims in the U.S. was limited as munis remain flat.

The muni market was both "weird" and "apathetic" Wednesday, according to traders, who said most participants spent the day watching despite new deals that appeared to be well-received.

NEW YORK – Apathy was the word used to describe Wednesday’s tax-exempt market.

The tax-exempt market is slightly lower Wednesday, but a turnaround could be on the horizon.