The tax-exempt market took a small breather Tuesday morning, trading mostly steady even as Treasuries rallied.

The bond markets were closed Monday for the Veterans Day holiday. Traders said after a big run-up last week, the market was quiet on the first open trading day of this holiday-shortened week.

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.