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The tax-exempt market ended the week lower, with traders saying the market was way overbought from the previous rally.
By Taylor RiggsAugust 10 -
The municipal bond market had spurts of buying Friday afternoon although traders said the market was still weaker.
By Taylor RiggsAugust 10 -
The municipal bond market ended Thursday on a steady to weaker tone as traders said August reinvestment money, coupled by a slowdown in the market from summer vacations, was not enough to buoy tax-exempts.
By Taylor RiggsAugust 9 -
The tax-exempt market was holding its steady tone Thursday afternoon as traders noted disenchantment with absolute low yields contributed to leaving balances on new issues.
By Taylor RiggsAugust 9 -
The tax-exempt market ended the day mostly unchanged as market participants said August vacations have slowed trading.
By Taylor RiggsAugust 8 -
The tax-exempt market was unusually quiet Wednesday afternoon as traders said it was a slow day despite a majority of the week's primary issuance hitting the market.
By Taylor RiggsAugust 8 -
The municipal bond market was steady Wednesday morning after the market has shown steady to weaker prices so far this week. Traders looked to the primary market for direction.
By Taylor RiggsAugust 8 -
The tax-exempt market ended on weaker tone Tuesday, following Treasuries, with some primary deals taking concessions to get priced.
By Taylor RiggsAugust 7 -
The tax-exempt market was weaker, following Treasuries, as many deals in the primary market started to price. Still, traders said the tone of the market was constructive and not a lot of balances were left on deals.
By Taylor RiggsAugust 7 -
The tax-exempt market was weaker, following Treasuries, as resistance against record low yields forced prices lower.
By Taylor RiggsAugust 7 -
The tax-exempt market had a tough time snapping out of weekend mode on Monday as trading activity was slow and munis ended the day flat.
By Taylor RiggsAugust 6 -
The municipal bond market appeared to take a vacation day on Monday as trading activity was very slow. Traders are waiting for primary issuance to hit later in the week to provide direction.
By Taylor RiggsAugust 6 -
The tax-exempt market was feeling the effects of a quiet summer August day as traders said the market was very slow.
By Taylor RiggsAugust 6 -
The tax-exempt market struggled to find footing Friday and ended the week lower. Without primary issuance to provide direction, muni yields followed Treasury yields higher as the risk-on trade took over.
By Taylor RiggsAugust 3 -
After a stronger session Thursday, munis gave up gains and then some on Friday as munis followed Treasuries lower. Yields on fixed-income assets spiked as better-than-expected July jobs numbers buoyed risky assets.
By Taylor RiggsAugust 3 -
The tax-exempt market looked steady to weaker Friday morning in what has been a mixed week.
By Taylor RiggsAugust 3 -
The municipal bond market ended firmer on Thursday after a few days of steady to weaker trades as fixed income assets traded higher after disappointing news from the Fed and ECB.
By Taylor RiggsAugust 2 -
The municipal bond market was firmer Thursday afternoon, following Treasuries as the week's largest deal priced for institutions. Fixed-income assets were stronger after the Fed and ECB disappointed and investors flocked to safe haven assets.
By Taylor RiggsAugust 2 -
The municipal bond market ended Wednesday mostly steady despite driving forces that traders said should have provided some direction to the market.
By Taylor RiggsAugust 1 -
The tax-exempt market had mixed results Wednesday as traders waited for the FOMC announcement. The week's largest deals were mixed, with some bumping prices while others had to increase yields on certain maturities.
By Taylor RiggsAugust 1