James Ramage

NEW YORK — The municipal market wrapped up the week on a slightly weaker note.

NEW YORK — Early trades on the day led some to see a firming market for Friday’s session. New York City’s Hudson Yards Infrastructure Corp. bonds and the Ohio State University taxables were reportedly trading rather consistently, much as they were late Thursday.

Municipal bond mutual funds saw a second straight week of inflows, and a sixth week out of seven.

Municipal buyers were out hunting for yield Thursday, but found little to bring home beyond some game in the intermediate range.

NEW YORK — Municipal buyers, replete with setters and shotguns, were out hunting for yield Thursday, but found little to bring home beyond some game in the intermediate range.

NEW YORK — Municipal bond yields have started following the movements of Treasuries a little more closely. Both moved slightly higher in the morning, only to change course and firm crossing into the afternoon.

NEW YORK — Secondary trading in the municipal market is lighter than it’s been in the past three sessions. Investors have an eye toward this weekend’s critical Europe Union summit and have stopped in their tracks.

The municipal market was at pains to come up with a proper reaction to the large new deals that washed over it in a hazy tide.

NEW YORK — The municipal market was at pains to come up with a proper reaction to the large new deals that washed over it in a hazy tide.

The large new issues have landed in the primary market, arriving with a mixture of concessions and aggressive pricing. But heavy trading in the secondary earlier in the week has made life difficult for investors seeking product at current market rates, traders say.

The municipal market, over the past couple of days, has seen a decent rally at the front end of the yield curve. Maturities up to 10 years steepened during the first two days of the trading week. And as there’s been relatively heavy supply recently, the unsold balances from last week have gotten cleaned up this week, a trader in California said.

Tuesday was the equivalent of an easy, slightly breezy late-summer evening for the municipal market.

NEW YORK — Tuesday was the equivalent of an easy, slightly breezy late-summer evening for the municipal market.

The municipal market appears to be in the middle of a moderately improved session. There are a slew of offerings in the secondary market. Some sit right around where they should be, while others are 20 basis points through the market, a trader in New York said.

The municipal market awoke to tight buying in the secondary Tuesday, with yields falling up to seven basis points in the eight- to 21-year range.

An "aggressively priced" retail offering for $1.8 billion of California general obligation bonds and rallying Treasury yields led the municipal market into firmer territory at the middle and long ends of the curve Monday.

NEW YORK — An “aggressively priced” retail offering for $1.8 billion of California general obligation bonds and rallying Treasury yields led the municipal market into firmer territory at the middle and long ends of the curve Monday.

A stronger municipal market has crossed noon with falling yields, particularly around the belly of the curve.

A modest primary market dominated by three large deals will set the tone for municipals this week.

Friday's trading session offered little for anyone in the municipal bond market. Yields barely moved and remained oppressively low for many participants. And the day's inactivity proved Thursday's rally to have been a brief affair.