Trading activity in the tax-exempt market slowed Wednesday afternoon as the 2 p.m. Federal Open Market Committee meeting announcement approached.

Munis were busier in the morning with a weaker tone following a better-than-expected GDP number. While trading slowed, the market still remained weak, traders said.

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.