The municipal market was flat to slightly weaker Friday in fairly light secondary trading ­activity.

“The short and long ends are pretty flat, but there is a bit of weakness in the intermediate maturities,” a trader in New York said. “I’d say in that 10- to 20-year range, we’re down maybe a basis point or two, but we’re flat outside of that. The secondary is fairly quiet, but there are some bits and pieces trading.”

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