The municipal market was mixed yesterday amid light to moderate secondary trading activity.
“It’s pretty mixed,” a trader in New York said. “We’re kind of all over the place right now. I’m seeing losses here and there, seeing it flat in some places, maybe even some gains in spots, depending on what you’re trading. There is a decent amount of activity out there right now, but I think I’d just call it mixed. It’s kind of hard to get a read on this market.”