Taylor Riggs

NEW YORK – Munis continue to firm, setting new record lows with each passing day. On Thursday, munis proved they could defy Treasuries, climbing higher even as the government bonds weakened.

Munis aren’t jaded by weakening Treasuries as the tax-exempt market continues to firm. Several traders noted prices on bonds in the new issue market were bumped.

The tax-exempt market is still firm Thursday morning, but some traders don’t expect the rally to continue much longer.

Tax-exempt yields seem to keep breaking record lows. With a decent amount of new debt hitting the primary market Wednesday, buyers were scrambling to get their hands on bonds — at any cost.

Raymond James Financial has won the bid to purchase Morgan Keegan, putting a top-ten municipal bond underwriter into the hands of fast-growing Raymond James.

NEW YORK – With every day that passes, tax-exempt yields seem to keep breaking record lows. With a decent amount of new debt hitting the primary market Wednesday, buyers were scrambling to get their hands on bonds – and at any cost.

Munis continued to improve, following Treasuries, as traders said the tax-exempt market was very busy Wednesday afternoon.

Buyers are at it again. After demand pushed the 10-year and 30-year muni yields to new record lows Tuesday, buyers are continuing the momentum Wednesday.

Demand for municipal bonds is coming from all sizes and shapes of borrowers. Both retail and institutional investors are jumping into the market and are going into individual bonds, mutual funds and exchange-traded funds.

NEW YORK – Demand for municipal bonds is coming from all sizes and shapes of borrowers. Both retail and institutional investors are jumping into the market and are going into individual bonds, mutual funds, and Exchange-traded funds.

The only factor that could possibly slow the muni rally was issuance, which threatened to create too much supply, and force yields higher. But that obstacle is out of the way. Deals were priced well Tuesday and there was enough demand to meet that supply.

It seems like they can’t be stopped.

Continuing a new-year trend, the tax-exempt market started firm Monday and ended firmer. Munis rallied the first week of trading and continued into the second week as yields were at or within one basis point of record lows.

Continuing a New Year trend, the tax-exempt market started firm and ended Monday firmer. Munis rallied the first week of trading and continued into the second week as yields were at or within one basis point of record lows.

The tax-exempt market seems unstoppable with munis continuing to strengthen since the new year began.

Supply hungry investors should create decent demand for munis this week, but until new issuance hits the market, munis appear to lack direction.

A drop in unemployment figures to 8.5% wasn't enough to rally stocks as hopes of a recovery were short-lived. Treasuries and munis were firmer Friday and throughout the week, and many market participants expect the trend to continue.

A drop in unemployment to 8.5% wasn’t enough to rally stocks as hopes of a recovery were short lived. Treasuries and munis were firmer Friday and throughout the week and many expect the trend to continue. With lack of supply and $20 billion of January reinvestment money flooding back to the market, demand for munis could be strong.

The tax-exempt market is stronger Friday, but traders say the big players aren’t participating.

Despite a drop in unemployment, stocks were down while munis and Treasuries were firming in Friday morning trading as optimism was short-lived.