The tax-exempt market ended Tuesday on a firm note for the second trading session this week and limited new issue supply has forced buyers to turn to the secondary market.

“We’ve had a decent run so far this year,” a Chicago trader said. “We will see how it plays out. It could easily grind a little Wednesday too.”

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.