Taylor Riggs

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.

The tax-exempt market ended on a firm tone Friday for its third consecutive session after cheapening earlier in the week.

The tax-exempt market ended on a firm tone Friday for its third consecutive session after weakening earlier in the week.

Traders in the tax-exempt market took off for the weekend early as trading halted by Friday afternoon.

The tax-exempt market was firmer Friday for the third straight session after weakening earlier in the week. After the market digested supply, munis followed Treasuries higher.

The tax-exempt market ended firmer Thursday for the second session after struggling at the beginning of the week.

NEW YORK – The tax-exempt market ended firmer Thursday for the second session after struggling at the beginning of the week.

The tax-exempt market handled very well what could turn out to be one of the year’s largest weeks of new issuance.

Most of the deals scheduled for pricing in the primary market this week had been marketed by Thursday morning, forcing attention to turn to the secondary market. After steady to weaker munis on Monday and Tuesday, the market started to firm on Wednesday and looked to continue that trend Thursday.

After a period of weakening, the tax-exempt market proved it was able to digest the large amount of supply as munis strengthened Wednesday and prices in the new-issue market were bumped.

NEW YORK – After a period of weakening, the tax-exempt market proved it was able to digest the large amount of supply as munis strengthened Wednesday and prices in the new-issue market were bumped.