NEW YORK The tax-exempt market started its vacation Friday morning as activity stalled and issuance in the primary market plunged for next week.The Municipal Market Data scale was not updated by press time. But on Thursday, the 10-year yield ended flat at 1.86% for the 10th trading session while the two-year ended steady at 0.32% for the 20th straight session. The 30-year yield finished flat at 3.16% for the fifth session.
Treasuries were much weaker Friday. The benchmark 10-year yield and the 30-year yield jumped seven basis points each to 1.65% and 2.74%. The two-year yield rose two basis points to 0.33%.