The municipal market was largely unchanged Friday, with a slightly firmer tone, amid light new-issue activity."It's fairly quiet out there," a trader in New York said. "I think a lot of people are just on the sidelines today, getting ready for the weekend. I'm not really seeing too much trading, and I'm not seeing really much movement either. I'd say we're pretty flat overall."
"There might be a bit of a better tone out there, but it's quiet," a trader in Los Angeles said. "It's hard to call it anything but unchanged, but I do think it feels maybe a touch firmer."