Most of The Bond Buyer's weekly yield indexes increased this week, despite tax-exempt yields declining slightly in the majority of the week's sessions and the market carrying an overall firmer tone.
"The muni market has shown some slight improvement," said Evan Rourke, portfolio manager at Eaton Vance. "We did have the quarter-end, so I think that kind of put a little damper on things. Really, the week was kind of muted because of quarter-end. I think people have gotten used to life in the post-arb world, if you will, so there's less trading stress right on that quarter-end.