Taylor Riggs

The secondary market took a backseat to the primary as some of the week’s largest deals priced Tuesday, including New Jersey’s Transportation Trust Fund Authority and triple-A rated Columbus, Ohio.

The tax-exempt market extended losses for a fourth consecutive trading session Friday as municipal bond yields followed Treasury yield higher.

The tax-exempt market continued to head lower Friday afternoon as the benchmark 10-year Treasury yield broke through 2.85%.

Municipal bonds traded weaker in every session this week as most primary deals were priced cheaply to attract buyers while secondary sellers on longer-maturing bonds pushed rates higher.

The tax-exempt market opened with fewer bid lists than earlier in the week as the market had a quieter tone.

The tax-exempt market continued to head lower Thursday afternoon with Treasury yields leading the way.

The tax-exempt market headed lower, following Treasuries and equities, over fears the Federal Reserve will soon start tapering its $85 billion a month bond purchases after better-than-expected economic news released Thursday morning.

The municipal bond market ended two basis points weaker on the long-end of the curve as buyers stayed focused on short duration bonds.

Yields in the tax-exempt market were flat to two basis points weaker Wednesday, not rising nearly as much as Tuesday, as traders said the secondary market was stagnant.

Buyers in the tax-exempt market continued to stay focused on the short-end of the curve, allowing issuers in the primary to demand higher prices for bonds maturing before 2020. On longer maturing bonds, issuers had to raise yields to entice buyers.

The tax-exempt market posted significant losses for the first time in a week, after four days of mostly steady trading, as yields jumped as much as seven basis points.

The tax-exempt market continued to weaken Tuesday afternoon as bid lists surfaced for longer-maturing bonds and buyers stayed focused on the short-end of the curve.

The municipal bond market opened much weaker Tuesday morning as yields followed Treasury yields higher, though the drop in prices didn't stop issuers from borrowing in the primary market.

Retail order periods kicked off an otherwise quiet session Monday as traders said summer vacations slowed down activity in the secondary.

Retail pricing on nearly $200 million of Florida's JEA electric system bonds was met with demand as underwriters halted orders on bonds maturing on the short end of the curve.

The primary market got off to an early start Monday morning with two large issuers, Connecticut and Florida's JEA, pricing bonds for retail investors.

After a busy week in the primary market, tax-exempts paused Friday as yields ended mostly unchanged.

Borrowers in the tax-exempt market enticed investors with high yields in the primary, keeping the focus on new issues and pushing yields higher in the secondary market for the week.

Puerto Rico Electric Power Authority bonds traded stronger in the secondary market amid an overall quiet session.

The tax-exempt market opened on a quiet note Friday morning after an active week in the primary, including deals from Puerto Rico Electric Power Authority and Chicago O’Hare International Airport that enticed investors with high yields.