Taylor Riggs

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.

Munis started off strong and ended even stronger Thursday as limited supply appeared to increase demand and push tax-exempts higher. Buyers weren't able to buy bonds without paying high prices.

New York – Munis started off strong and ended even stronger Thursday as limited supply appeared to increase demand and push tax-exempts higher. Buyers weren’t able to buy bonds without paying high prices.

Despite choppy Treasuries, munis are firmer Thursday as lack of supply gives the impression that demand is high.

Activity in the tax-exempt market may not be up to pre-holiday levels, but traders are participating just enough to push munis firmer.

There were more buyers than sellers in Wednesday's tax-exempt market, compressing spreads and pushing the market firmer. Traders looked to the secondary for direction as the primary offered no supply this week.

NEW YORK – There were more buyers than sellers in Wednesday’s tax-exempt market, compressing spreads and pushing the market firmer. Traders looked to the secondary for direction as the primary offered no supply this week.

NEW YORK – Retail is jumping into the tax-exempt market Wednesday morning as yields are mostly flat across the curve.

Despite traders recovering from a long holiday weekend, the tax-exempt market was fairly busy in the first trading session of 2012.

NEW YORK – Despite traders recovering from a long holiday weekend, the tax-exempt market was fairly busy in the first trading session of the 2012.

Early activity has subsided as tax-exempt trading slowed down by Tuesday afternoon.