The municipal market remained slightly firmer Thursday amid light to moderate secondary trading activity.
“We definitely feel firmer,” a trader in Los Angeles said. “It’s just more of the same of what we’ve been seeing the past few weeks. Market feels stronger, and we’re probably up a good one or two basis points, particularly on the longer end. On the short end, we might be fairly flat, but overall I’d say we’re firming up a little bit again.”