The tax-exempt market turned slightly weaker on the first day of trading in 2013 as a general risk-on trade ruled the markets.

After Congress passed the American Taxpayer Relief Act late Tuesday night, equity indexes soared Wednesday, putting selling pressure on bond markets.

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.