The municipal market finished unchanged and slightly firmer Friday amid light secondary-trading activity."We're mostly flat today, but there's even a bit of a firmer tone right now," a trader in New York said. "I don't know if it'll last, but for now, I'd still call it unchanged, though like I said, it feels a bit firmer than it has in recent days."
"There were definitely scattered patches of slight gains today, but on the whole, you can't really call it anything but flat," a trader in Los Angeles said. "I didn't really see nearly enough activity to move the scale. But there was certainly a bit of a firmer tone out there, it felt a little better, but to me, on the whole, it was just flat."