Tax-exempt bond prices finished little changed after a session of moderately active trading, as a plethora of new issues received a generally favorable reception from investors.

Prices were relatively stable early in the session with some dollar bond issues quoted as much as 1/4 point higher at midday. Traders attributed the market's firm tone to recent favorable economic indicator release and expectations that federal budget negotiations will conclude satisfactorily near the week's end.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.