Taylor Riggs

The tax-exempt market struggled to gain footing Wednesday as most market participants said trading was too slow to move the market.

The tax-exempt market got off to a slow start Wednesday morning as markets reopened after a full close Tuesday and an early close Monday.

The tax-exempt market saw minimal trading Monday as most deals in the primary market were postponed and traders in the tri-state region stayed home to prepare for Hurricane Sandy.

The tax-exempt market felt like a ghost town Monday morning as traders said the market was quiet.

After a strong start to the week followed by weakness towards the end, the tax-exempt market ended on a stronger note Friday, following Treasuries.

The tax-exempt market traded stronger Friday afternoon although traders noted activity started to die out.

Activity in the tax-exempt market began to slow Friday morning as municipal bonds continued to take direction from Treasuries.

The tax-exempt market kept its focus on the primary market this week as traders said a wide bid-ask in the secondary led to a stalemate, forcing action in the primary market where better deals can be found.

The tax-exempt market continued to focus on the primary this week despite new issues offering relatively low yields.

The tax-exempt market moved lower for the fourth session as traders said they were less willing to buy bonds at extremely high prices and sellers were forced to cut prices.

The tax-exempt market has increasingly been described as bifurcated this week as the tone in the primary market feels strong while the secondary market is weaker.

Tax-exempts continued to remain bifurcated as traders noted the primary market felt firm and deals were going very well while the secondary market was lower.

The tax-exempt market continued to head lower as traders said the market felt a tad weaker Wednesday morning.

The tax-exempt market ended on a mostly flat note Tuesday as the majority of new issues were received very well and bonds in the secondary market traded steady.

Buyers in the tax-exempt market are receiving new issues extremely well as investors continue to put money to work. Meanwhile, secondary market activity is picking up.

After several issues opened retail order periods Monday, the tax-exempt market turned its attention to the primary market for indication on how deals would be received by institutions.

The municipal bond market ended steady to stronger Monday after a day that saw mostly muted activity.

The municipal bond market remained quiet and steady even as a few deals were priced for retail.

The tax-exempt market struggled to wake up Monday morning as traders reported quiet conditions with little activity.

The municipal bond market can expect issuance to come in on par with what the market has seen in recent weeks and market participants expect demand to continue to outweigh supply.