The municipal bond market paddled against stronger-than-expected economic currents and weaker Treasuries Thursday, with yields losing some ground on the longer end.

Upward revisions on gross domestic product and a decline in unemployment claims pushed Treasury yields higher across the curve, dragging muni yields with them a couple of basis points. The market mostly paused, preparing itself for Friday's unemployment report.

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.