Chip Barnett

Top-quality municipal bonds made an about face and turned unchanged to weaker by mid-session, traders said, with yields on some maturities strengthening by as much as one basis point.

The municipal bond market was set for another quiet day, with limited trading activity seen for Tuesday and no bond deals of over $1 million on the calendar.

Municipal bonds finished stronger on Monday in quiet dealings, according to traders, as yields on some top-rated maturities fell by as much as two basis points. Many workers returned to their desks only to see a very quiet week loom ahead in the primary, with no bond deals of more than $1 million on the calendar until 2016.

Municipal bonds were stronger at mid-session in quiet dealings, according to traders, as yields on some top-rated maturities weakened by as much as two basis points.

Municipal bond traders were returning to their desks on Monday and will be looking at a very quiet week. There are no bond deals of more than $1 million on the negotiated or competitive calendars until 2016.

In the week ended Dec. 24, the weekly average yield to maturity of the Bond Buyer Municipal Bond Index fell to 4.22% from 4.24% in the previous week. The BB40 Index is based on the price of 40 long-term bonds.

Municipal bonds finished unchanged on Thursday, traders said, as the market experienced a quiet, abbreviated session. Trading ended early ahead of the full close on Friday and will begin again on Monday.

Municipal bond prices were unchanged in early trading, traders said, as the market was set for a quiet, abbreviated session on Thursday.

Top quality municipals were unchanged on Wednesday, traders said, as the market quietly worked through the last full session of the week.

Top quality municipals were weaker at mid-session traders said, as the market was quietly working through the last full session of the week.

Traders were set for the last full session of the week on Wednesday. Not much in the way of anything was expected to happen, with no bond deals on the slate until 2016. Activity was likely to be very light until after the holidays.

Top-quality municipal bonds finished weaker in very quiet activity on Tuesday, according to traders, as the market was winding up business for the holiday week with action expected to remain muted until after the holidays.

Top-quality municipal bonds were unchanged at mid-session, according to traders, as the market was preparing to wind up business for the holiday week.

Municipal bond traders are set to see only a handful of deals come to market on Tuesday, as they prepare to finish up the week's business ahead of the last full trading session of the week on Wednesday.

Top-quality municipal bonds ended stronger on Thursday, according to traders, as yields on some maturities fell by as much as five basis points one day after the Federal Reserve raised interest rates for the first time in almost a decade.

Municipals were steady after the Federal Reserve on Wednesday raised its target for the federal funds rate by 25 basis points, the first interest rate hike since 2006.

Most U.S. states have enacted budgets that contain only modest spending increases in the next fiscal year, according to a report released on Tuesday by the National Association of State Budget Officers.

Municipal bond funds reported inflows for the 10th straight week, according to Lipper data released on Thursday.

Municipal bonds closed stronger on Monday, traders said, as yields on some top-quality maturities finished as much as one basis point weaker.

Municipal bonds were stronger at mid-session, traders said, as yields on some top-quality maturities were as much as two basis points weaker.