NEW YORK – After both rising and falling this week, the tax-exempt market was steady Thursday morning. The market took a breather ahead of one of the last biggest deals of the week — from triple-A rated Georgia — to be sold in the competitive market.
Munis were steady Thursday morning, according to the Municipal Market Data scale. On Wednesday, the 10-year tax-exempt yield closed at 1.86% for the fourth consecutive trading session while the two-year yield finished flat at 0.32% for the 14th straight session. The 30-year yield rose two basis points to 3.17%.