Taylor Riggs

Significant demand for yield from investors pushed the $1.2 billion Iowa Finance Authority deal to the spotlight Tuesday.

The $1.2 billion Iowa Finance Authority deal stole most of the attention in the primary Tuesday afternoon as traders said any bond with yield is extremely well received.

Municipal bond traders eyed the largest deal of the week, $1.2 billion Iowa Finance Authority bonds, Tuesday morning.

With $5.77 billion of new issuance scheduled for this week, municipal bond traders said the market was firmer as demand outweighed supply.

The municipal bond continued to rally Monday afternoon, following Treasuries, as traders said the market was gearing up for primary issuance this week.

The tax-exempt market started a "manageable" week off on a firm note as demand outweighed supply.

With momentum coming from a worse-than-expected GDP number Friday morning, the municipal bond market ended the week on a strong note.

The municipal bond market underperformed Treasuries Friday afternoon as yields didn't fall as much as their taxable counterparts on a risk-off trade.

The tax-exempt market struggled to gain momentum all week as a limited primary calendar and uncertainty over the direction of interest rates in the secondary market kept buyers at bay.

Municipal bond trading had a muted reaction, following the lead of Treasuries, to a worse-than-expected GDP number Friday morning.

The municipal bond market was described as "range bound" Thursday as uncertainty over the direction of interest rates kept yield movements limited.

Uncertainty about the economy and the direction of interest rates has continued to push money to the sidelines as municipal bond traders said there was a lack of conviction in the market Thursday.

With little news to move the market, the secondary lacked depth Thursday morning and market participants cut bonds to get them out the door.

The tax-exempt market traded on a heavy note Wednesday after some of the week’s largest deals hit the primary Tuesday.

As the end of April approaches and traders wait for May 1 coupon payments to come due, the muni market took a pause.

After a flurry of competitive deals Tuesday, the primary market took a breather Wednesday and traders turned to the secondary market.

The large Wisconsin competitive sale helped buoy the tax-exempt market Tuesday in an otherwise unchanged trading session.

Traders in the municipal bond market said the market was flat as pricing of primary deals got underway.

The tax-exempt market was dead on arrival Tuesday morning as traders waited for new deals to start pricing later in the day.

The municipal bond market was expected to see almost $8 billion in new issuance this week, but will see $350 million less as New Jersey announced Friday it has postponed its competitive sale to May 1.