The tax-exempt market ended steady to slightly stronger Friday after poor employment numbers led to demand for safe-haven assets.
Treasuries rallied and munis followed. "We saw good action after that jobs number," said Ryan Kearney, a trader at Samson Capital Advisors. "We saw a large mutual fund list out right after that employment number with bonds for sale anywhere from 2017 to 2027. And most of the items from that list traded well."