The tax-exempt market saw mixed trading on Thursday as all eyes focused on the Federal Open Market Committee announcement.

In the morning trading session, traders said munis were stronger, following Treasuries. But Treasuries quickly faded after the FOMC meeting announcement, and munis started to follow.

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.