The municipal market was unchanged to slightly firmer Friday amid light to moderate secondary trading activity.

“It feels a little bit firmer, but I’m not really seeing enough trading to say that we’re up a basis point or up two basis points,” said a trader in New York. “I’d call it flat with a firmer tone, just because there’s not a whole lot of activity.”

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.