The tax-exempt market ended a stronger week that saw demand for new issues and lower yields in the secondary market on a steady note Friday, as traders took a step back after 16 sessions of mostly lower yields.

Yields on the Municipal Market Data scale have been flat or lower since Sept. 5, and after the run-up in prices that pushed the 10-year yield down 50 basis points, trading paused ¬Friday. The 30-year MMD yield fell 40 basis points over the same time period.

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