Taylor Riggs

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.

Tax-exempt market participants were out early Tuesday morning as traders looked to buy bonds in the new year.

A 10-year low of new municipal bond issuance is what was on everyone's mind in 2011.

The week between Christmas and New Year's has typically been one of the slowest weeks of the year. But in 2011, the last week of December was anything but boring.

The week between Christmas and New Year’s has typically been one of the slowest weeks of the year. But this year, which has been atypical for many reasons, the last week of December has been anything but boring.

It has come down to the last minute for traders looking for bonds during the final trading session of 2011.

Nearly all of The Bond Buyer's weekly yield indexes declined this week, as the municipal market followed Treasuries and grew firmer by several basis points in each session.

Dealers just can’t seem to get enough of munis.

NEW YORK – Dealers just can’t seem to get enough of munis.

Ahead of January reinvestment money, dealers are hoarding short-term bonds and waiting to sell them after Jan. 1 when demand spikes.

Although most market participants assumed the week between Christmas and New Year’s would be dead, there is a surprising amount of activity in muni land. The primary market is expecting a decent deal Thursday and traders say not everyone has closed up shop for the year.