The municipal market was slightly firmer Wednesday amid moderate secondary trading activity, as Illinois’ Metropolitan Pier and Exposition Authority came to market with $1.1 billion of debt.

“We’re actually feeling a little bit better right now,” a trader in New York said. “Treasuries are doing a little better and we’re following. There’s a decent amount of activity in the secondary right now, particularly in high-grades, [and] we’re probably better by about two basis points or so.”

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