The municipal market was unchanged to slightly firmer Friday. Traders said tax-exempt yields were flat to lower by one or two basis points.

“We’re seeing some firmness out there,” a trader in New York said. “I don’t know that we’re more than a basis point or two better, and I’m not sure that’s across the board, because I think you could also make a case that we’re unchanged for the most part, but I do think there’s definitely a firmer tone.”

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