Municipals started softer Wednesday morning after economic data from ADP showed more job growth than expected.

ADP, which processes company payrolls, reported private payroll growth of 215,000 in November, larger than the 185,000 consensus by Econoday. The better-than-expected numbers may have added to the growing concern among municipal investors that the U.S. government will begin to slow down its quantitative easing, traders said.

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