With momentum coming from a worse-than-expected GDP number Friday morning, the municipal bond market ended the week on a strong note.

Following Treasuries higher, munis posted the most gains than any other trading session this week on an overall risk-off trade following reports that real gross domestic product increased at an annual rate of 2.5% in the first quarter of 2013. That fell short of the 3% increase expected by economists. Still, it was much stronger than the 0.4% increase in the fourth quarter of 2012.

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