Too little trading and too few participants made a clear picture of the municipal market difficult to draw Friday.

Still, muni and Treasury yields maintained the upward trajectory they adopted early last week. The secondary market was quiet throughout the session, with many traders already on holiday, a trader in Los Angeles said.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.