Taylor Riggs

The tax-exempt market sold off, following Treasuries, in reaction to Federal Reserve Chairman Ben Bernanke's comments following the Federal Open Market Committee meeting that suggested the Fed may start tapering its $85 billion-a-month bond purchasing program by the end of the year.

Activity in the tax-exempt market slowed Wednesday afternoon as traders looked to sell while holding off on buying ahead of the impending Federal Open Market Committee meeting announcement.

The municipal market was active Wednesday morning ahead of the Federal Open Market Committee announcement in the afternoon.

The tax-exempt market ended slightly weaker Tuesday as traders looked to unload bonds ahead of Wednesday’s Federal Open Market Committee announcement.

The tax-exempt market paused Tuesday afternoon as traders all waited in limbo ahead of Wednesday's Federal Open Market Committee announcement.

The municipal bond market has steadied this week after a six-week selloff that pushed yields higher.

Detroit bonds were able to avoid a selloff in the secondary market Monday after the city Friday said it could default on up to $2 billion in debt.

The new issue market got off to an early start Monday as Citi priced for retail $370 million of New York City Municipal Water Finance Authority bonds.

The tax-exempt market opened with some small trades Monday morning as a few Detroit bonds were out for bid.

Duration of portfolios weighed on investors' minds Friday ahead of next week's Federal Reserve meeting as traders sold bonds with longer maturities in exchange for short-term bonds.

Activity in the tax-exempt market slowed Friday afternoon after a busier, stronger morning session.

The tax-exempt market took a beating this week as new deals got a brutal reception and existing debt sustained significant losses in the secondary market.

After a six-week selloff that pushed tax-exempt yields more than 60 basis points higher, munis were active and posted small gains Friday morning.

The selloff in the tax-exempt market slowed Thursday as buyers decided the increase in yields over the last six weeks was enough to create an entry point back into the market.

The tax-exempt market found its footing Thursday afternoon as Treasuries rallied and muni yields were high enough to entice buyers.

After four consecutive sessions of weakening, the tax-exempt market opened calmer Thursday morning as Treasuries rallied, providing some relief to munis.

The tax-exempt market continued to post losses for the fourth consecutive trading session as some of the largest deals of the week in the primary came with concessions and secondary bid-ask spreads widened.

The tax-exempt market continued to weaken Wednesday afternoon though the tone of the market felt better than earlier in the week.

The tax-exempt market continued to weaken Wednesday morning as traders said even though the market gets cheaper every day, buyers are in no rush to start participating.

With a primary supply calendar building, tax-exempt buyers waited on the sidelines for a more attractive opportunity to enter the market, even as bids surfaced in the secondary and the market weakened for another session.