The municipal market was firmer by three to seven basis points yesterday as increased retail demand in the market continued.

"It's been quite a busy day. The market is up a ton," a trader in New York said. "There's definitely a lot of retail activity, and the secondary market has been quite active the entire day."

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.