Taylor Riggs

The tax-exempt market ended as much as five basis points stronger on Wednesday as Puerto Rico rallied and demand for primary issuance pushed the secondary market firmer. The Federal Reserve said it will continue to pump money into the economy by continuing its $85 billion a month bond purchasing program.

The tax-exempt market posted gains Wednesday afternoon on positive reception from new deals in the primary and stronger Puerto Rico bonds over the past few weeks that gave traders some relief.

Stronger trading in the secondary market pushed municipals higher Wednesday morning following positive reception for newly priced deals this week.

The tax-exempt market strengthened for a sixth session Tuesday as the week’s largest deals were met with positive reception in the primary market and secondary bonds traded higher.

The tax-exempt market continued to firm as new issues were well received and bonds traded higher in the secondary market.

The municipal bond market turned its attention to the week's largest deals pricing in the primary market, as issuers looked to take advantage of a six-day rally in bond prices.

The tax-exempt market extended gains into a fifth consecutive session Monday, led by strong trading activity in lower-rated credits like California general obligation bonds and tobacco debt.

Higher-yielding credits in the municipal bond market traded more actively than high-grade bonds after last week's rally left buyers searching for yield in lower-rated credits.

Faced with lighter supply this week in the primary market, municipal bond trading opened on a slow note Monday morning, with few bid lists surfacing.

The tax-exempt market rallied as much as two basis points Friday extending a double-digit rally that began earlier in the week as new issues were well received and Puerto Rico debt traded higher in the secondary market.

Oppenheimer Funds, manager of 12 of the top 14 funds in exposure to Puerto Rico, has suffered the biggest outflows in the industry over the past six weeks as investors continued to shy away from the commonwealth’s debt after yields surged.

Yields on benchmark triple-A rated municipal bonds fell to the lowest in at least three months, fueled by strong reception in the primary market and a rally in Puerto Rico debt in the secondary market.

California general obligation bonds had the most volume in the secondary market Friday afternoon following a more than $2 billion pricing in the new issue market earlier in the week.

The tax-exempt market strengthened for a fourth consecutive session Friday even after this week's rally left the 10-year and 30-year yields at the lowest in three month.

The tax-exempt market’s rally gained strength in its third day after Minnesota’s new issue priced richer than the benchmark scale, pushing triple-A yields to the lowest in three months.

The tax-exempt market firmed Thursday afternoon with an increase in trading volume as sellers received good bids for bonds in the secondary market.

The tax-exempt market opened firmer Thursday morning as bond prices rose for the third consecutive session.

The tax-exempt market strengthened for the second session on Wednesday, buoyed by a firmer Treasury market, pushing the 10-year muni bond yield down to its lowest level since June.

The tax-exempt market traded several basis points stronger Wednesday afternoon, getting a lift from Treasuries and well-received new deals in the primary.

The municipal bond market opened firmer for a second session Wednesday, extending gains from Tuesday.