The municipal market was mixed yesterday, while the Indianapolis Local Public Improvement Bond Bank came to market with more than $550 million of debt."It's pretty quiet," a trader in New York said. "Supply is pretty awful, and not getting any better. It's just a summertime calendar, not that wonderful. We're mostly flat, but it's maybe cheaper a basis point or two on the long end."

"We're mostly flat, but maybe even a touch firmer in some spots," a trader in Los Angeles said. "Mostly on sort of the shorter end, and it's maybe even a touch weaker out long. Overall, I think we're pretty unchanged."

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