Taylor Riggs

The tax-exempt market traded steady Friday afternoon after a huge rally throughout the week that has yields trading at their record lows.

The tax-exempt market saw extremely strong reception in the primary market this week and that strength continued into the secondary market Friday as follow-through trading showed more gains.

The tax-exempt market ended mostly steady Thursday after a big rally earlier in the week that traders said was driven by cash on the sidelines being put to work and creating more demand than supply.

The tax-exempt market has extended its rally into the second half of the week as traders say supply has outweighed demand with cash on the sidelines finally being put to work, and the outlook isn't expected to change anytime soon.

After a large buying spree earlier in the week that brought yields to record lows, the tax-exempt market slowed Thursday morning and traders took a breather.

Uncertainty in the broader market, coupled with much more demand than supply in the municipal bond market, pushed tax-exempts higher for the third session as yields fell to fresh record lows.

Even with record low yields, the tax-exempt market climbed higher Wednesday for the third session this week as both primary and secondary markets attracted buyers.

The tax-exempt market continued to see gains Wednesday as traders looked forward to more primary issuance flooding the market.

Buyers continued to support the tax-exempt market Tuesday as primary deals were very well received and bonds for sale in the secondary were gobbled up.

Lipper has revised its weekly municipal bond fund flows lower for the week ending Nov. 21 after an error with Goldman Sachs led the company to report higher flows.

The tax-exempt market climbed higher Tuesday after a slow Monday as traders said the market was busy putting money back to work.

Activity in the tax-exempt market picked up Tuesday morning as traders looked to clear out some inventory ahead of what is expected to be a big day in the primary.

Build America Mutual Assurance Company, the first mutual bond insurer serving the U.S. municipal bond market, has expanded its presence and is now licensed to insure bonds in 11 additional states.

The tax-exempt market ended on a steady to stronger note Monday as traders slowly made their way back to work after a long Thanksgiving weekend.

Trading in the tax-exempt market remained fairly quiet Monday afternoon as traders said volume was low and there wasn’t enough activity to move the market either way.

The tax-exempt market struggled to gain momentum Monday morning after a long, Turkey-filled weekend.

The tax-exempt market ended the Thanksgiving holiday-shortened week on a quiet note as limited new issuance and a lack of momentum in the market allowed for quiet trading sessions.

The tax-exempt market quieted down very quickly late Wednesday morning as traders left muni desks for the Thanksgiving holiday and those remaining started to focus on next week's issuance.

Traders in the tax-exempt market said there were only a few hours left to get work done for the week before market participants starting breaking for the Thanksgiving holiday.

Traders in the tax-exempt market disagreed Tuesday about the level of activity in the market as some said it was a quiet holiday-shortened trading week and others said activity remained fairly high.