The tax-exempt market was stronger Wednesday, following Treasuries, as industrial production failed to meet expectations and more fears out of Greece pushed investors into safe-haven assets. Response to the minutes of the Federal Open Market Committee Wednesday afternoon was muted.

“We have a very good tone in the market,” a Los Angeles trader said. “We are pricing some deals out here and getting really strong indications.” One of the deals he is bringing to market in California is oversubscribed due to retail demand.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.