The market for tax-exempt municipals remained mostly steady even after a government report this morning showed jobless claims declined last week, traders said.

"We backed off a little bit this morning but we're trading in a range I would categorize as somewhat stable," Howard Mackey, a vice chairman at Rice Financial in New York, said in an interview. "There is a fair amount of pent-up demand in the sector as we firm in the muni market."

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