Taylor Riggs

With the 30-day visible supply now over $11 billion, traders in the municipal bond market say supply headwinds are pushing munis lower.

With pressure on safe-haven assets and the Dow Jones Industrial Average topping its all-time high, the municipal bond market ignored supply and demand factors and ended the day weaker despite a light primary calendar.

The tax-exempt market traded lower Tuesday afternoon, despite a relatively light new issue calendar, as yields in both the primary and secondary market rose.

The tax-exempt market traded steady to slightly weaker Tuesday morning as an overall risk-on trade pushed bonds lower while the Dow Jones Industrial Average traded at a record high level.

The taxable municipal bond market is attracting buyers as the tax-exempt municipal bond market and other taxable asset classes look expensive.

The tax-exempt market opened the week Monday on a mostly steady tone as traders said the market was quiet across the board.

The tax-exempt market continued to see light trading Monday afternoon as traders waited for primary supply to price later in the week.

The tax-exempt market got off to a typical slow start Monday morning as traders said the market was quiet.

The tax-exempt market extended its week-long gaining streak into Friday as traders said munis followed Treasuries higher and demand outweighed supply.

The tax-exempt market started to show signs of slowing Friday afternoon as traders headed home for the weekend.

The tax-exempt market ended February on a high note with a rally across the curve.

The tax-exempt market continued to post gains Friday morning as traders said activity was strong.

The tax-exempt market ended steady to stronger Thursday as traders said the remainder of the primary deals were well received and activity was heightened.

The tax-exempt market continued to trader stronger Thursday afternoon as traders said the market was very active this week.

The tax-exempt market continued to post gains Thursday morning as munis followed Treasuries higher.

The tax-exempt market ended on a strong note Wednesday for the third session this week as traders said the primary market was well received.

The tax-exempt market continued to strengthen Wednesday afternoon as traders said deals in the primary market have been received very well.

The tax-exempt market opened on a quiet note Wednesday morning though traders said the market continued to firm after a strong session Tuesday.

The tax-exempt market ended on a firmer tone Friday after a soft start to the week.

The tax-exempt market traded slightly stronger Friday afternoon though participants said the overall market lacked momentum and direction.