NEW YORK - Supply and demand factors within the municipal bond market, as well as a weaker stock market, pushed tax-exempt bonds higher Thursday afternoon.

"It's very strong," a New York trader said. "There has been a lot of New York issuance and some Massachusetts Port Authority bonds and everything that's been priced has been bumped. Some were bumped as high as 19 basis points and it's just big reinvestment time and not a lot of supply."

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