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Recent illiquidity in the municipal bond market is making price discovery difficult for traders, a problem that is being complicated by divergences in the indexes they use to track benchmark yields
June 11 -
Bids continued to surface in the tax-exempt market Tuesday afternoon as sellers looked to purge bonds, though traders cautioned the bids didn't necessarily turn into actual trades.
June 11 -
Fading Treasuries drove the municipal bond market down Tuesday morning as traders said the market opened much lower even after Monday's selloff.
June 11 -
Tax-exempts ended Friday softer, following Treasuries, on better-than-expected employment numbers, though some traders were hesitant to cut prices further.
June 7 -
The tax-exempt market posted losses this week with over $1 billion in outflows from muni bond funds, primary deals that lowered prices and raised yields, and a weaker secondary market.
June 7 -
The tax-exempt market continued to weaken Friday afternoon as Treasury yields rose.
June 7 -
The tax-exempt market headed slightly lower, following Treasuries, after May non-farm payrolls growth came in slightly better than expected.
June 7 -
A choppy Treasury market and jobless claims that came in as expected left the tax-exempt market quiet.
June 6 -
The tax-exempt market was in limbo Thursday afternoon ahead of Friday's employment number as traders said munis were steady, ignoring stock and Treasury movements.
June 6 -
The tax-exempt market opened on a quiet note Thursday morning with no primary deals to provide direction and mostly flat Treasuries and as-expected economic news.
June 6 -
The tax-exempt market ended on a softer note Wednesday as the primary market had a rare quiet session.
June 5 -
While Wednesdays are typically flooded with new issues, the municipal bond market took a rare mid-week breather as traders said the market was quiet.
June 5 -
The tax-exempt market headed lower Wednesday morning as price discovery remained difficult in an illiquid market.
June 5 -
The tax-exempt market ended softer Tuesday as traders said June 1 reinvestment money was disappointing and trading sluggish.
June 4 -
A "disappointing" day in the municipal market led to a downsizing of Massachusetts' general obligation bond deal and lethargic trading.
June 4 -
The tax-exempt market opened weaker Tuesday morning, following Treasuries, as trading activity picked up ahead of pricings for large deals.
June 4 -
The tax-exempt market ended the day flat amid light activity even with stronger Treasuries on a worse-than-expected manufacturing number.
June 3 -
The tax-exempt market started to reverse last week's softer tone with a small amount of buying activity Monday afternoon.
June 3 -
The tax-exempt market looked to the almost $1 billion of Massachusetts general obligation bonds second retail order period Monday amid an overall larger week of issuance.
June 3 -
All eyes turned to Illinois municipal bonds Friday after the state Senate failed to pass a comprehensive pension reform package.
May 31
