The tax-exempt market traded firmer Tuesday as market participants noted there was a much better tone in the market than Monday or last Friday.

"There is definitely a better tone today," a New Jersey trader said. "The focus is on the primary but the secondary is holding in 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.