The municipal market was slightly weaker yesterday, following Treasuries.

"There's not a whole lot going on, and with the Treasury market off, it's sort of a tough market out there right now," a trader in New York said. "I don't suppose I'll be able to sell anything I marked up [Tuesday]. A lot of guys out there are bigger sellers than buyers right now. We're off probably about two basis points."

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.