The tax-exempt market was much stronger Monday morning, following last week's impressive gains, as a risk-off trade pushed Treasuries and other fixed-income markets much higher.

Munis were stronger Monday morning, according to the Municipal Market Data scale. Yields inside nine years were steady while the 10-year yield fell one basis point. Outside 11 years, yields fell as much as three basis points.

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.