The municipal market was slightly weaker yesterday amid fairly light secondary ­trading.

“It could be weaker by up to three basis points or so, depending on what you’re trading,” a trader in Los Angeles said. “I think one to three basis points weaker is probably a safe estimate. But there isn’t a ton of activity out there. It’s been somewhat quiet on the Street. But I’d say we’re a couple basis points weaker on the whole.”

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