The tax-exempt market extended its five-day firming streak as traders said demand for municipal bonds continues to outweigh supply and most likely will continue that theme through the end of the year.

While the election on Tuesday provided some clarity, there is still a lot of uncertainty left in the markets about the fiscal cliff and the tax code, providing further momentum for the risk-off trade.

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.