The tax-exempt market opened on a quiet note Friday morning after an active week in the primary, including deals from Puerto Rico Electric Power Authority and Chicago O’Hare International Airport that enticed investors with high yields.

“There is not much activity,” a New York trader said. “It’s a muni summer Friday and yields are steady.”

Thursday, yields on the Municipal Market Data scale ended steady to one basis point lower. The 10-year yield slipped one basis point to 2.72%. The 30-year was steady at 4.28% for the third session and the two-year finished flat at 0.43% for the 17th consecutive session.

Yields on the Municipal Market Advisors scale were mostly flat Thursday. The 10-year and 30-year yields were steady for the third session at 2.90% and 4.34%, respectively. The two-year was unchanged at 0.54% for the second session.

Treasuries were mixed Friday morning. The benchmark 10-year yield rose one basis point to 2.60% while the 30-year yield fell one basis point to 3.66%. The two-year was steady at 0.31%.

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