The tax-exempt market was mostly flat Wednesday, though buyers on the long end of the curve pushed credits higher as the top three deals of the week priced. Secondary trading activity was heavy in the morning.

“The market might be flat to slightly stronger on the long end,” a trader in New York said. “There was moderate activity, firm new-issue pricing, and essentially that’s it.”

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.