The municipal market was unchanged to slightly weaker yesterday, amid light to moderate secondary trading activity, and as New York City came to market with approximately $750 million of total issuance.

“There are some bits and pieces trading, but we’re fairly flat,” a trader in New York said. “There’s been a bit of a weaker tone hanging around for most of this week, and it’s still there. So we’re maybe down a basis point here and there, but overall, I’d just call it unchanged.”

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