The municipal market was slightly weaker yesterday after nearly three weeks of firmness, while California priced for retail investors a portion of this week’s massive $4.5 billion general obligation bond sale.

JPMorgan priced for retail part of its $1.45 billion sale of taxable debt for California, which includes $250 million of Build America Bonds. The BAB component, which is slated to mature in 2024, is not being offered during the retail period.

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