Taylor Riggs

A last-minute compromise on the fiscal cliff late Tuesday night sent equity markets soaring Wednesday morning and pushed fixed-income markets lower on a risk-on trade.

The tax-exempt market finished 2012 on a very quiet note after what has been a very active year in the municipal bond market.

The tax-exempt market traded steady and quiet on New Year's Eve as most traders were already looking ahead to 2013.

The tax-exempt market ended higher Friday as traders said it was a busier than usual trading day as dealers got their books in order before the end of the year.

The tax-exempt market saw a pickup in activity Friday afternoon as traders said year-end positioning of bonds helped the market trade firmer.

The tax-exempt market continued to see fairly quiet trading Friday morning after what has been an already slow week.

The tax-exempt market traded steady Wednesday with very limited activity on its first full day of trading this week.

The tax-exempt market continued to trade steady Wednesday afternoon as traders said the market was very quiet.

The tax-exempt market opened trading Wednesday on a very quiet note as most market participants took another day off. The primary and secondary markets had little activity.

The tax-exempt market ended steady on Christmas Eve as most traders were home for the holidays, making for limited primary and secondary activity.

The tax-exempt market was unsurprisingly extremely slow Monday morning as most traders were either working from home or not working at all on Christmas Eve.

The tax-exempt market ended the week on a stronger note after a massive selloff throughout most of December as the risk-off trade once again prevailed.

The tradition of extremely low issuance for the week between Christmas and New Year's continues this December as the municipal bond market should see paltry activity next week.

The tax-exempt market showed major signs of slowing as the weekend approached and traders left for the holidays.

The tax-exempt market had a rough ride this week as yields jumped as much as 13 basis points on the long end and municipal bond funds saw their largest weekly outflows since January 2011.

The tax-exempt market struggled throughout most of the week with yields jumping as dealers cleaned out inventory ahead of year-end and buyers were fed up with record-low yields.

The tax-exempt market took a breather, and even firmed up according to some accounts, from a recent selloff that saw muni yield soar almost 40 basis points on the long end.

Traders continued to take relief in knowing the worst of the selloff appears to be over in the municipal bond market.

Market participants agreed the majority of the selloff in the tax-exempt market is over for now as the market is holding steady.

The tax-exempt market managed to end Wednesday on a steady note, allowing the market to take a small breather after what has been a two-week collapse in municipal bond prices.