After two days of gains spurred in part by a new set of taxable Build America Bond deals, the municipal market closed the week out with little movement on Friday.

The tax-exempt market had firmed Wednesday and Thursday after previously pulling back from an April rally that was driven in part by long-term supply concerns fueled by heavy BAB borrowing from some of the market's biggest issuers. After gradually nudging up beginning April 23, yields once again pushed downward on Wednesday, with some more BABs entering the market.

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