The municipal market was again firmer yesterday. Traders said tax-exempt yields were lower by about five or six basis points overall.

"We're kind of picking up where we left off yesterday," a trader in New York said. "There's still a good degree of firmness out there, still seeing people getting things done. We're handling the new-issue supply well, and there's some decent demand out there, so there's definitely a positive tone in the market."

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.