After a strong start to the week followed by weakness towards the end, the tax-exempt market ended on a stronger note Friday, following Treasuries.

“I’d say it’s certainly a quiet day today,” said a regional broker-dealer in the mid-east region. “It’s definitely firmer and I’d put it up a solid two basis points 10 years on out. There’s not enough flow today to make that a broad assessment but based on what we’re seeing I’d say that.”

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.