The municipal market was unchanged to firmer by about one or two basis points yesterday, as some of the week’s larger deals were priced in the primary.

“It’s a little bit firmer out there, but it really depends on what you’re trading,” a trader in Los Angeles said. “I’m seeing strength more so on the long end than anywhere else. If we’re better it’s maybe a basis point or two. But you could still call it fairly unchanged and not really be wrong.”

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