Taylor Riggs

A quiet afternoon in the municipal bond market looked to dip in activity even more after New Jersey Friday postponed its $350 million competitive sale of general obligation bonds to May 1.

The tax-exempt market opened on a typical quiet note Monday morning as traders said munis traded steady.

The tax-exempt market ended the week with a stronger bias though activity started to slow by afternoon as the focus turned to the Boston manhunt.

The tax-exempt market gained strength from wild swings in equities and gold prices this week as deals were well received and bonds subsequently traded up in the secondary.

The secondary market continued to firm Friday afternoon though traders said activity started to slow.

The tax-exempt market felt stronger Friday morning as bonds were freed to trade in the secondary market and subsequently bumped in price.

The tax-exempt market showed strength in the secondary market Thursday traders said both the belly and the long end of the curve had a stronger bias.

Strength in the muni market moved to the belly of the curve Thursday afternoon as traders said high-grade 10-year bonds were trading through 2.00% in the secondary.

Buyers in the tax-exempt market came out early for another trading session and pushed the market higher.

With the largest deals of the week pricing Tuesday and the remainder pricing Thursday, a quiet primary market on Wednesday led to a more active secondary.

The tax-exempt market focused on secondary trading Wednesday afternoon as traders said activity was finally starting to pick back up after a few quiet weeks.

Trading activity picked up Wednesday morning as buyers came out early in the secondary market.

The tax-exempt market focused on the primary deals that set a positive tone for the rest of the primary this week.

The tax-exempt market traded firmer Tuesday as deals in the primary market were repriced with lower yields.

The tax-exempt market turned its attention to the larger New Jersey deals pricing Tuesday.

The tax-exempt market ended Tax Day on a quiet note as traders said there were a few attractive opportunities in the market, though it was far from a grab fest.

The tax-exempt market continued to trade on a relatively quiet note as traders said they waited for the large New Jersey deal to price for institutions Tuesday before taking a stance on the market.

The municipal bond market opened "tax day" on a very quiet note as munis took a pause from Friday's small rally.

The municipal bond market underperformed Treasuries as building supply in the secondary kept tax-exempts from rallying along with their taxable counterparts.

The municipal bond market performed well this week as traders said new deals were well received and the secondary market saw a muted selloff given negative seasonal factors.