Taylor Riggs

Amid a quiet session Wednesday ahead of the Fourth of July holiday, dealers kept inventory light in anticipation of Friday's employment situation report.

A few municipal bond traders participated in the market Wednesday morning, though activity started to slow ahead of the early 2 p.m. close.

One of the largest deals postponed during the recent muni selloff priced Tuesday as a stable market restored issuers' confidence to borrow in the primary market.

New York's Metropolitan Transportation Authority came to market Tuesday in one of the larger deals of the week, pricing for institutions $336 million of revenue bonds that were pulled June 19 due to market volatility.

After a slow, steady grind higher over the past few sessions following the massive selloff, the tax-exempt market opened steady Tuesday.

With the tax-exempt market seemingly stabilized after a whipsaw week, several borrowers chose to dip their toes into the primary Monday. Those braving the waters included some names that decided discretion was the better part of valor when staring down the historic selloff the muni market just endured.

Some of the week's largest issues priced in the primary Monday as borrowers took advantage of a relatively light primary calendar to greet July 1 reinvestment money.

A few deals in the primary market priced Monday morning as borrowers took advantage of July 1 reinvestment money and a light new issue calendar in a holiday-shortened week.

Severe weakening earlier in the week followed by a mid-week rally led to a quiet trading session Friday as yields ended mostly steady across the curve.

Calmness settled over the municipal market Friday afternoon as traders digested the week's news and waited for July 1 reinvestment money to hit the market next week.

Driven by cheap prices Monday and Tuesday, municipal bond yields ended lower for the week after borrowers flooded the primary to take advantage of demand and buyers spurred secondary trading.

The tax-exempt market opened on a steady tone Friday morning as traders digested the week's rebound after losses earlier in the week.

Municipal bond yields fell again Thursday, coming off record trading volume earlier in the week, following a three-day selloff that had left yields nearly 60 basis points higher.

The tax-exempt market posted gains Thursday afternoon after a large rally Wednesday that pulled yields back down 20 basis points.

A small buying spree continued Thursday morning following a big rally Wednesday led by the primary market.

In a sharp reversal, buyers took advantage of cheap municipal bonds relative to Treasuries and met issuers in the primary market with ample demand.

Issuers in the tax-exempt market had a field day Wednesday as a bevy of borrowers tapped the primary market and deals were met with solid demand.

Following one of the worst selloffs in recent memory that cheapened municipal bonds nearly 60 basis points in three trading sessions, new deals priced Wednesday in hopes of taking advantage of cheap prices and building demand.

A handful of issuers is expected to brave the primary market Wednesday as the municipal bond selloff waned after the biggest three-day plunge in more than a quarter century.

Buyers began to emerge in the tax-exempt market Tuesday afternoon as the selloff stabilized and the rise in yields slowed to single digits.