The tax-exempt market was firmer Friday morning after a relatively quiet week as a poor U.S. jobs number spurred the risk-off trade.

Munis were firmer Friday morning, according to the Municipal Market Data scale. Yields inside seven years were steady while yields on the eight- to 10-year dropped as much as two basis points. Outside 11 years, yield fell between one and three basis points.

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.