Taylor Riggs

The municipal bond market underperformed Treasuries Friday afternoon as bids were firm, but yields didn't fall as much as their taxable counterparts.

After a busy week in the primary, the tax-exempt market took a breather Friday as trading activity slowed.

The tax-exempt market kept its eyes on California's $2.72 billion institutional pricing Thursday as the deal was upsized due to demand.

All eyes were on the $2 billion California deal pricing Thursday afternoon as traders said everything else was taking a back seat.

As traders waited for the over $2 billion California deal to price for institutions Thursday, they turned their attention to the secondary.

The tax-exempt market showed little signs of weakening amidst a flood of new issuance Wednesday.

The tax-exempt market turned its attention to the primary market Wednesday as two $2 billion dollar deals hit the market.

The tax-exempt market prepared for a big day in the primary, with two $2 billion dollar deals expected to price later Wednesday. The Federal Open Market Committee also released minutes of its March meeting earlier than expected.

Despite a flurry of competitive deals hitting the market Tuesday afternoon, some traders said the muni market felt relatively subdued.

After a fairly quiet day Monday, the municipal bond market continued to see relatively subdued trading Tuesday morning.

The municipal bond market opened the trading week on a typically slow Monday following a big rally last week that sucked all the bonds out of the secondary.

Trading in the tax-exempt market continued to remain subdued Monday afternoon as traders said they were waiting for the primary deals to provide direction.

State credit spreads have compressed across the curve over the last few years as investors move down in credit quality to pick up extra yield. With lower rated credits compressing and now trading on top of higher rated credits, many market participants think now is the time to exit those trades before spreads start widening.

Opening like a typical Monday morning, the municipal bond market was very quiet, taking a breather after a big rally last week.

The municipal bond market ended the first week of April on a strong note as munis followed Treasuries higher on a weaker than expected employment report.

The municipal bond market opened the first trading week of April on a strong note as primary deals were very well received and leftover balances were bought in the secondary markets Thursday and Friday.

Showing few signs of slowing, the municipal bond market continued to follow Treasuries higher even as the weekend approached.

The municipal bond market followed Treasuries' lead, firming as a weak employment report caused a surge in demand for safe-haven assets.

With the new issue pricings out of the way, the secondary took over the municipal bond market Thursday and climbed higher, following Treasuries.

The municipal bond market posted gains Thursday afternoon, following Treasuries, and yields fell across the curve.