Taylor Riggs

Following better-than-expected jobless claims, investors felt confident buying riskier assets and sold safer fixed-income products, pushing the 10-year Treasury yield close to 3.00%.

The tax-exempt market stabilized Wednesday as a lack of supply offset lax demand.

The tax-exempt market showed slight improvement Wednesday afternoon as traders said yields didn’t rise as much as they did on Tuesday.

Traders in the tax-exempt refused to buy bonds Wednesday morning as selling pressure continued to push bond prices down and yields up.

Municipal bonds took direction from higher Treasury yields and moved as much as eight basis points softer in an illiquid and light trading session Tuesday.

The tax-exempt market headed weaker Tuesday, though traders said volume was light and finding a counterparty was difficult.

A light new-issue calendar expected during this holiday-shortened week did little to calm the municipal bond market Tuesday morning as yields rose several basis points following a Treasury selloff.

Triple-A tax-exempt bonds ended firmer for the week, a reversal after eight weeks of losses stemming from municipal bond mutual fund outflows and negative headlines.

The tax-exempt market showed major signs of slowing Friday morning as most traders were off the desk ahead of the three-day holiday weekend.

Yields on municipal bonds ended mostly flat Thursday as slight primary volume and lighter trading kept selling at bay.

The tax-exempt market held steady Thursday afternoon even with a firmer Treasury market. Market participants looked to finalize trades ahead of what is expected to be a quiet Friday before the Labor Day weekend.

The tax-exempt market opened with lighter activity as traders said bond yields were flat to two basis points higher.

Muni yields headed higher Wednesday, reversing Tuesday’s gains, as the market softened after the New York City Housing Development Corp. sold nearly $700 million in revenue bonds, the last major deal of the week.

The tax-exempt market outperformed Treasuries Wednesday and yields on municipal bonds rose less than their taxable counterparts.

With the majority of the new issues priced earlier in the week, the municipal bond market opened on a quieter note Wednesday morning.

The tax-exempt market ended three basis points stronger Tuesday as the week’s largest deals, including Texas and California, priced. Still, traders expressed doubts about the firmer tone and said it was unlikely to last.

The tax-exempt market stood on firmer footing Tuesday though traders cautioned they weren't eager to buy bonds as many headwinds still face the market.

A mostly steady tone persisted Tuesday morning, following Monday's flat to slightly stronger bias as traders prepared for two large deals from Texas and California in the competitive market.

Plagued by 13 consecutive weeks of outflows from municipal bond mutual funds, including August’s largest outflow this week, the municipal bond market headed lower for another session Friday.

After weakening Friday morning, the tax-exempt market started to regain some losses in the afternoon trading session, though traders noted activity dropped off significantly after lunch.