The Bond Buyer's weekly yield indexes declined this week, as the municipal market followed Treasuries and grew firmer by several basis points in each session.

"A confluence of a very light tax-exempt new-issue calendar and a flight-to-safety bid in Treasuries due to the situation in Libya dragged muni yields lower this week," said Matthew Posner, director of Latin American operations at Municipal Market Advisors. "We saw the best performance in the intermediate range as, day after day, opportunistic sellers were able to move block after block at strong levels."

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.