The municipal bond market was weaker Friday morning, following a big jump in Treasury yields, after a much better than expected employment report showed the economy added 204,000 jobs in October.

October non-farm payrolls were up 204,000 with private payrolls up 212,000, according to the Bureau of Labor Statistics. The jobless rate ticked up one point to 7.3% due to the partial government shutdown. Economists had expected 125,000 new jobs.

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