Taylor Riggs

With few muni-specific forces at work, tax-exempts followed the lead of Treasuries Tuesday afternoon.

The tax-exempt market struggled to wake up Tuesday morning after the three-day weekend left trading sluggish to start.

The high-yield municipal market is on track to finish in positive territory for the 18th consecutive month even as the broader tax-exempt market extends losses into the sixth trading session Friday.

The tax-exempt market traded softer every session this week as buyers refused to put money to work at such high prices.

The tax-exempt market got off to a slow start Friday morning as the three-day holiday weekend approached.

The tax-exempt market weakened Thursday, extending its losing streak into five consecutive trading sessions, as buyers waited for muni yields to rise even further before putting money back to work.

The tax-exempt market continued to weaken Thursday as munis look expensive to Treasuries and buyers waited on the sidelines for rates to increase.

The tax-exempt market took a breather Thursday morning as most of the week's deals were already priced.

The municipal bond market ended only slightly weaker Wednesday, amid swings in Treasuries and the stock market, as Federal Reserve Chairman Ben Bernanke said the Fed will continue buying $85 billion a month of bonds, though it may start tapering the pace of purchases in a few months.

The tax-exempt market held its ground amid a weaker Treasury market as traders said munis were no more than a basis point or two weaker.

A rally in the Treasury market following Federal Reserve Board Chairman Ben Bernanke's testimony to the Congressional Joint Economic Committee, that removing monetary policy accommodation now could halt the recovery, left munis unaffected Wednesday morning.

Demand for municipal bonds waned Tuesday as a flurry of deals in the primary cut prices and increased yields in an attempt to entice investors.

Underwriters in the tax-exempt market cut prices and raised yields as investor demand waned Tuesday afternoon.

Municipal bond sellers emerged Tuesday morning amid a softer market and a flurry of primary deals expected to price later in the day.

Issuers in New York tapped the tax-exempt market Monday for over $1 billion amid an overall softer market.

The tax-exempt market eyed two large New York deals pricing for retail Monday in the primary, taking the focus away from a softer secondary market.

New York City is expected to kick off a week of relatively light issuance with retail pricing Monday for $800 million of general obligation bonds.

Munis outperformed Treasuries Friday as tax-exempts didn't selloff as much as their taxable counterparts.

The muni market slowed to a crawl Friday afternoon, but some strong bids surfaced.

Activity in the tax-exempt market slowed this week as new issuance fell and traders looked to the secondary market for direction.