The tax-exempt market posted even more gains on Thursday, extending an eight-session streak of lower yields.

Muni traders said new issues were very well received this week, deals were oversubscribed, and yields were lowered in repricings. With limited supply expected next week ahead of Thanksgiving, the tone of the market isn't expected to reverse anytime soon.

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.