The municipal market was largely unchanged yesterday in light activity."It's pretty quiet," a trader in New York said. "This whole week is going to be fairly quiet. We have a light new-issue calendar and Labor Day approaching. I really don't expect too much activity or too much movement. And it's certainly quiet and pretty flat now."

"There's not a whole lot going on," a trader in Los Angeles said. "There's not a lot trading, and just not a lot of people involved today. I'd imagine that will be the case for much of the week, as well. We're just pretty quiet and unchanged."

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