Taylor Riggs

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.

The tax-exempt market suffered Wednesday afternoon as underwriters said deals were coming at concessions with balances left over.

The tax-exempt market weakened for the third trading session this week, though traders noted the selloff wasn't as hectic as it had been in prior trading sessions.

The tax-exempt market continued its sell off as traders said dealers were cleaning out inventory ahead of the end of the year. Bid-wanteds out in the morning provided selling pressure throughout the day.

There was no stopping the losing streak in the tax-exempt market as traders said bid-wanteds in the morning were trading even lower by the afternoon.

The tax-exempt market extended losses into Tuesday morning as yields continued to rise across the curve.

The tax-exempt market extended its five-day losing streak into the end of the week as traders said an overload of supply overwhelmed the market.

The tax-exempt market continued to weaken for the fifth session Friday. Traders said the market was cheapening, though many participants were hanging out on the sidelines waiting for the dust to settle after a tough few trading sessions.

The tax-exempt market struggled to hold up under the weight of supply this week as traders said yields continue to climb.

The tax-exempt market ended Thursday weaker for the fourth consecutive session this week as traders said bids were cheapening each day as the week progressed due to a flood of supply.

The tax-exempt market continued to weaken throughout Thursday's trading session as traders said the market appeared to cheapen up as the day progressed.