The municipal market was firmer Tuesday as the Los Angeles Department of Water and Power priced $760.2 million of taxable Build America Bonds and participants began looking toward the impending Thanksgiving holiday.

“It was busier earlier on, but as the session waned, so did the interest of a lot of people in getting deals done,” a trader in Los Angeles said. “It’s been a turbulent little stretch of time here this month, but it looks like people are shifting their focus away from munis and onto turkey finally. With that said, we’re better about three basis points or so.”

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