Taylor Riggs

The municipal bond market was weaker Friday morning, following a big jump in Treasury yields, after a much better than expected employment report showed the economy added 204,000 jobs in October.

The municipal bond market posted gains Thursday, driven higher by buyers on the front-end of the curve and a stronger Treasury market, as customer buy trades from dealers made up the majority of transactions.

The tax-exempt market showed strength on the short-end of the curve Thursday afternoon as bonds received better bids from buys inside five years.

The tax-exempt market opened Thursday morning mostly steady, even with stronger Treasuries and better-than-expected economic data.

The municipal bond market traded with mostly steady prices on Wednesday after cheap deals offered in the primary earlier in the week were actively traded in the secondary with strong reception.

Trading activity in the municipal bond market was stronger Wednesday afternoon after deals pricing in the primary market became available in the secondary market.

The tax-exempt market opened Wednesday morning with yields trading steady as the majority of the week's largest deals already priced and traders looked to the secondary market.

The municipal bond yield curve steepened Tuesday with longer-dated bonds falling in price as Treasuries weakened and supply edged higher.

The four largest deals of the week came to market Tuesday cheaper than where they priced on Monday as a weakening Treasury market and flood of supply forced issuers to raise yields.

The week's largest deals were set to price for institutions Tuesday morning, commanding most of the market's attention and the secondary took a back seat.

The municipal bond market opened the week with attention on primary deals, as Hawaii and Massachusetts priced more than $1.4 billion for retail investors.The secondary market took a back seat with benchmark scales ending mostly flat from Friday’s prices.

Secondary trading in the tax-exempt market was quiet Monday afternoon as traders looked to the primary for direction with three of the week's largest issues pricing for retail investors.

Trading volume of Puerto Rico Sales Tax Financing Corp. rose Monday morning following last week's investor call by the commonwealth discussing COFINA's legal opinions.

The municipal bond market firmed in nearly every session this week, pushing the 10-year Municipal Market Data yield to its lowest in over four months, on light supply and slowing outflows from municipal bond funds.

The municipal bond market weakened Friday, following Treasuries, after eight days of steady to stronger gains that pushed yields lower by nearly 20 basis points.

Activity in the tax-exempt market was higher than a typically quiet Friday as next week's largest deal held a retail order period and munis traded weaker after a 20 basis point drop in yields over the last eight sessions.

The municipal bond market received a boost from Nov. 1 reinvestment money from maturing bonds and coupon payments that helped spur activity in the secondary market Friday morning.

The tax-exempt market finished on a quiet note Thursday after a seven day rally pushed yields lower by nearly 20 basis points.

The tax-exempt market waited for a conference call from Puerto Rico officials discussing "legal opinions" related to issuance of its sales tax financing bonds as the general market saw little issuance in the primary light secondary trading.

The tax-exempt market took a breather Thursday morning, trading mostly flat after seven straight days of firming that pushed bond prices higher and yields lower by double digits.