The tax-exempt market was stronger Tuesday afternoon, following Treasuries, as traders said demand outweighed supply.

"The market is stronger at least by three basis points," a Chicago trader said. "Maybe stronger by three to five basis points in the 10-year range."

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.