The municipal market was slightly firmer yesterday, and the Clark County, Nev., School District came to market with $675 million of general obligation bonds.

"We're firmer about a basis point or two," a trader in New York said. "[Yesterday's economic data] certainly doesn't hurt, but I don't think that's what's driving the market. I think it's just continued demand that's driving yields lower."

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.