Secondary trading was the focus of the municipal bond market Thursday with most of the primary deals priced earlier in the week.

Tax-exempt bonds with shorter maturities were in demand,  keeping the focus of most trading within five years, which helped keep those yields flat even as they rose on longer-maturing bonds.

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.