Taylor Riggs

Both the primary and secondary markets were attracting attention as many of the week's new deals in the primary were priced and bonds in the secondary were looking cheaper.

The tax-exempt market ended flat on Monday as participants said activity was subdued and the trading session felt like a holiday.

The municipal market felt dead on Monday as traders said there is no activity. The secondary market is almost shut down completely and the primary is seeing little activity as deals are only being priced for retail in the New York region.

The municipal market was very quiet Monday morning as traders had a hard time ending the weekend and getting back to work. The market will get a much needed jumpstart once new deals start pricing later this week.

The municipal market ended mostly steady after a week that seemed to have a different tone in the market with each passing day. Most of the primary supply took the focus for the week, but traders noted the secondary market held up well.

The municipal market ended mostly steady after a week that seemed to have a different tone every day. Primary supply took the focus most of the week, but traders noted the secondary market held up well.

The tax-exempt market experienced a bumpy ride this week as the tone of the market shifted higher then lower. Still, yields only budged a few basis points. Traders said they needed a few more days to process the effect on munis of Moody's Investors Service downgrade of 15 major banks.

Municipal bonds were trading at flat levels as buyers and sellers made final trades before closing up books for the weekend.

Municipal bonds rallied after a weak session Wednesday. Outside Georgia's big new-issue pricing, tax-exempt traders appeared to pack up for the weekend early as activity slowed.

Municipal bonds rallied after a weak session Wednesday. Outside Georgia's big new-issue pricing, tax-exempt traders appeared to pack up for the weekend early as activity slowed.

Outside of one of the week’s largest deals pricing in the municipal market Thursday, munis were quiet as the heat and end of the week took a toll on traders.

The municipal market was steady as it awaited one the week’s last big deals to be sold in the competitive market. Munis did not follow Treasuries higher as poor economic data forced the risk-off trade.

The tax-exempt market weakened as Treasuries turned choppy on a day focused on the Federal Open Market Committee. Most of the largest deals of the week were received well on Wednesday.

The tax-exempt market weakened as Treasuries turned choppy on a day focused on the Federal Open Market Committee. Most of the largest deals of the week were received well on Wednesday.

The tax-exempt market did not join the fun after the FOMC extended its Operation Twist.

The tax-exempt market was quiet on Wednesday morning as traders waited for direction from Treasuries and from the FOMC meeting announcement later this afternoon. Several new deals are also expected to be priced this afternoon.

With a lighter new-issue calendar, the tax-exempt market started off on a good note as some of the week’s largest deals were priced Tuesday.

The tax-exempt market is focused on the primary market as a lower amount of supply this week is allowing new deals to be priced well.

The majority of this week’s new deals are expected to price Tuesday, pulling attention to the primary market. Traders noted activity was fairly busy as participants prepared for a big pricing day.

The tax-exempt market ended Monday on the same quiet note it began as muni yields remained steady and limited primary activity couldn’t provide meaningful direction.