Taylor Riggs

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.

The tax-exempt market is starting out slow on this shortened week as last week’s whiplash is having a hang-over effect on the market.

The 10-year tax-exempt took the spotlight last week as yields fell nine basis points over the course of five days.

New York – The 10-year tax-exempt bond took the spotlight this week as yields fell nine basis points over the course of five days.

As typical on a Friday afternoon, the tax-exempt market has slowed to a stall, breaking for the weekend early.

After gobbling up the new deals spawned during one of the year’s largest weeks of new issuance, the tax-exempt market is spending Friday digesting.

Positive news that Greece will not hold a voter referendum on the austerity plan added confidence to the market, pushing Treasuries down, and munis followed.

NEW YORK – Positive news that Greece will not hold a voter referendum on the austerity plan added confidence to the market, pushing Treasuries down, and munis to follow.

The tax-exempt market is in flux as traders wait and see what happens with no big deals and no clear direction coming from Treasuries.

Tax-exempt yields are rising across the curve, following Treasuries, but activity is light as traders shy away from a market that can’t make up its mind.

Activity in the tax-exempt market picked up in the afternoon after buyers sat on the sidelines Wednesday morning.