Taylor Riggs

The tax-exempt market ended on a softer note Wednesday as the primary market had a rare quiet session.

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.

The tax-exempt market headed lower Wednesday morning as price discovery remained difficult in an illiquid market.

The tax-exempt market ended softer Tuesday as traders said June 1 reinvestment money was disappointing and trading sluggish.

A "disappointing" day in the municipal market led to a downsizing of Massachusetts' general obligation bond deal and lethargic trading.

The tax-exempt market opened weaker Tuesday morning, following Treasuries, as trading activity picked up ahead of pricings for large deals.

The tax-exempt market ended the day flat amid light activity even with stronger Treasuries on a worse-than-expected manufacturing number.

The tax-exempt market started to reverse last week's softer tone with a small amount of buying activity Monday afternoon.

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.

All eyes turned to Illinois municipal bonds Friday after the state Senate failed to pass a comprehensive pension reform package.

Yields on tax-exempt bonds ended almost 20 basis points higher as weakened demand in the primary, illiquidity in the secondary, and a softer Treasury market pulled bond prices lower.

The Friday afternoon malaise in the tax-exempt market took hold as traders looked to next week's offerings and June 1 reinvestment money.

The tax-exempt market opened on a quiet note after a double-digit rise in yields earlier in the week left market participants recovering Friday morning.

The selloff in the tax-exempt market slowed as retail buyers resurfaced Thursday after Treasuries gained on worse-than-expected economic data.

The selloff in the tax-exempt market slowed Thursday afternoon as traders said munis started to bottom out and the recent spike in yields started to attract retail buyers back into the market.

The tax-exempt market looked to a large slate of primary deals Thursday with most of the week's issuance expected to price amid an overall weakening market.

New York's Metropolitan Transportation Authority tested demand in a softer tax-exempt market with the biggest deal to hit the primary so far this week.

Retail pricing of $500 million of New York's Metropolitan Transportation Authority revenue bonds was well underway Wednesday afternoon amid an overall weaker session.

The tax-exempt market breathed a sigh of relief Wednesday morning after a selloff Tuesday that left yields as much as nine basis points higher.

The tax-exempt market followed Treasuries lower Tuesday, even though issuance is scheduled to be lighter than usual this week, and the market stands to benefit from June 1 reinvestment of about $34 billion in redemptions and coupon payments.