Taylor Riggs

After weakening Monday morning, the tax-exempt market was firming in early afternoon trading.

The tax-exempt market this week is preparing for the top volume of new issuance any week this year as traders standby Monday morning.

Even with the market closed for Veteran's Day, the Jefferson County, Ala., bankruptcy filing still weighed on the minds of muni market participants as they examined its effects on the broader market.

Even with the market closed for Veterans Day, the Jefferson County, Ala., bankruptcy filing still weighed on the minds of muni market participants as they examined its effects on the broader market.

The tax-exempt market is closed for Veterans Day.

Secondary trading activity of Jefferson County, Ala., debt showed a significant uptick Thursday after the troubled county filed for bankruptcy late Wednesday.

Secondary trading activity of Jefferson County, Ala., debt showed a significant uptick Thursday after the troubled county filed for bankruptcy late Wednesday.

The tax-exempt market came to a halt Thursday as traders looked forward to the long weekend.

The tax-exempt market held steady in Thursday morning trading as Treasuries saw a sell off.

Munis rallied on European woes Wednesday, with the 10-year tax-exempt yield plummeting to a low not seen since September.

NEW YORK – Munis rallied on European woes Wednesday, with the 10-year tax-exempt yield plummeting to a low not seen since September.

The tax-exempt market sustained its rally Wednesday afternoon, continuing the trend from this morning when yields fell across the curve.

The tax-exempt market rallied Wednesday morning as confidence in Italy faded and investors jumped into safe-haven assets.

Longer-dated tax-exempt credits weakened Tuesday as munis followed Treasuries.

NEW YORK – Longer-dated tax-exempt credits weakened Tuesday as munis followed Treasuries. Muni yields rose on the long end, although less so than Treasuries, which saw a sell-off when Italian Prime Minister Silvio Berlusconi announced plans to resign.

Activity is picking up in muniland as traders say munis are stepping out on their own and are no longer following Treasuries.

The tax-exempt market will look for leadership in the primary market Tuesday as munis search for direction. On Tuesday morning, trading activity picked up in the long end of the curve as yields jumped a few basis points.

The tax-exempt market experienced a whole lot of nothing Monday as primary issuance was down and secondary trading was slow.

NEW YORK – The tax-exempt market experienced a whole lot of nothing as primary issuance was down and secondary trading was slow.

A quiet Monday morning continued into the afternoon as traders said the market was dead and tax-exempt yields were unchanged throughout the curve.