Taylor Riggs

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.

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

The tax-exempt market is holding steady as fears over Greece subside and investors cautiously sell Treasuries.

The tax-exempt market appears to be holding steady in Wednesday morning trading. Treasuries were reversing their rally as yields rose across the curve, erasing all of Tuesday’s gains.

Munis continued to soar Tuesday, following Treasuries, as fears out of Europe pushed investors to safe-haven assets. The 10-year muni saw the biggest rally, with its yield dropping to the lowest level in a month.

NEW YORK - Munis continued to soar Tuesday, following Treasuries, as fears out of Europe pushed investors to safe have assets. The 10-year muni saw the biggest rally, dropping to the lowest it has been for about a month.

Fears from Europe are forcing investors out of stocks and into Treasuries, and the rally in Treasuries is pulling munis along too.

So much for a sleepy Monday. Munis spent Monday rallying as yields fell across the curve and tried to keep up with Treasuries, which continued their rally from Friday.

Munis continued to rally Monday afternoon with yields falling up to nine basis points in the belly of the curve.

Munis began to rally Monday morning after holding their ground on Friday following big moves in the Treasury market.

Tax-exempt yields soared as demand for safe-haven assets fell on positive news coming from Europe.