The municipal bond market ended weaker for a second straight session Thursday as lower-rated credits took the brunt of the selloff, playing catch-up to the Treasury selloff after the release of the Federal Open Market Committee meeting minutes.

Lower prices came as deals in the primary saw mixed reception this week. Some traders said high-yield credits, like double-B rated Guam Waterworks Authority which was 15 times oversubscribed, were well received while $1.78 billion Jefferson County and lower-rated hospital bonds cut prices.

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