Taylor Riggs

Activity in the tax-exempt market slowed on Friday as dealers recovered from the biggest week of issuance so far in 2012. As munis recouped most of the losses that hit them beginning late last week, investors head into next week a little more wary about buying as yields remain at unattractive levels.

The tax-exempt market took a breather Friday morning as traders recovered from a mixed week that started out weaker and ended slightly stronger.

The tax-exempt market rallied for a third day Thursday, erasing almost all of the losses that hit munis the end of last week.

NEW YORK – The tax-exempt market rallied for a third day Thursday, erasing almost all of the losses that hit munis the end of last week. Market participants that thought munis couldn’t handle this week’s supply were proven wrong, as deals in the primary market were priced well and the secondary market is showing huge gains.

The tax-exempt market is much stronger Thursday as buyers are eating up new deals in the primary market and bonds that were issued earlier this week are already trading higher in the secondary.

The tax-exempt market looks to be on track to see a third consecutive day of gains on Thursday, after the three prior sessions resulted in losses.

The tax-exempt market saw most of its rally in the afternoon, following Treasuries, after the Federal Open Market Committee announcement buoyed safe-haven assets.

NEW YORK – The tax-exempt market saw most of its rally in the afternoon, following Treasuries, after the Federal Open Market Committee announcement buoyed safe-haven assets.

The tax-exempt market continued its rally into the afternoon as new deals were priced attractively and the Federal Open Market Committee announcement buoyed safe-haven assets.

After three days of losses, the tax-exempt market looks to be strengthening again as munis rallied Wednesday morning after making small gains Tuesday. But trading activity seems to be light again.

The tax-exempt market had a small rally Tuesday after losing ground the previous three trading sessions. Deals were priced aggressively and some institutional bond prices were bumped from Monday's retail session.

NEW YORK – The tax-exempt market had a small rally Tuesday after losing ground the previous three trading sessions. Deals were priced aggressively and some institutional bond prices were bumped from Monday’s retail session.

Activity in the tax-exempt market is picking up as the deals that have priced have gone well and buyers wait anxiously for the rest.

The tax-exempt market appears to be taking a breather ahead of the biggest day of issuance this week. Munis were mixed in early trading but volume activity remained depressed.

The tax-exempt market ended Monday weaker, continuing a three-day losing trend. Muni yields rose across the curve, though less so than late last week as volume dwindled.

NEW YORK – The tax-exempt market ended Monday weaker, continuing a three-day losing trend. Muni yields rose across the curve, although less so than they did late last week as volume dwindled.

The tax-exempt market continues to weaken Monday afternoon, but the softness has slowed somewhat. Yields on the long end appear to be only five basis points higher, as opposed to the 10 basis point jumps seen last week.

The tax-exempt market is continuing to weaken for the third consecutive trading session as dealers are looking to sell.

The tax-exempt market ended last week on a soft note as two days of weakening erased two weeks of gains.

NEW YORK – The tax-exempt market ended the week on a soft note as two days of weakening erased two weeks of gains.