The municipal bond market continues to edge higher, increasingly looking like it's moving out of...

|By:, SA News Editor

The municipal bond market continues to edge higher, increasingly looking like it's moving out of panic mode, buoyed by interest from hedge funds and life insurance companies that find tax-free yields too enticing to pass up. But Bond Buyer's Dan Seymour notes that the real test for the muni market will come when issuance rises significantly.