The municipal market was unchanged to slightly firmer yesterday. ­Traders said tax-exempt yields were flat to lower by one or two basis points in spots.

“There’s not a lot of movement right now, but I think we’re leaning a bit toward the firmer side,” a trader in New York said. “You could call it unchanged and really not be wrong, but I do think there are little pockets of firmness out there, and if you’ve got the right paper, you can pick up maybe even two or three basis points.”

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