Municipals moved sideways yesterday in light to moderate trading activity while underwriters priced over $800 million in deals."We're pretty flat," a trader in New York said. "There's a bit of activity in the secondary, not a ton, but certainly more than [Monday]. But I'm just not seeing a whole lot of movement. So, it's fairly quiet, but no real movement in either direction, just pretty flat."
"There's not too much going on," a trader in Los Angeles said. "There's some trading going on, but not too much. We're just pretty flat. Not really sensing a tone, positive or negative. Just a pretty unchanged day."