The municipal bond market performed well this week as traders said new deals were well received and the secondary market saw a muted selloff given negative seasonal factors.

"Despite strong headwinds such as over $7 billion in supply, a strong equity market, and a lot of selling due to tax season, the muni market performed well," said Dan Heckman, senior fixed-income strategist at U.S. Bank Wealth Management.

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.