Nearly all The Bond Buyer's weekly yield indexes declined this week, as tax-exempts finished firmer in each of the week's sessions.

"Monday was the last day of the quarter, and we did see a bit of buying interest, but mostly people were closing their books," said Evan Rourke, portfolio manager at MD Sass. "Then Tuesday, munis kind of hit the ground running, and we got some solid outperformance in the market, relative to Treasuries and swaps. [Yesterday], however, it was a little more of a mixed bag."

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