The municipal market was unchanged Friday, in mostly light activity, ahead of the three-day Labor Day weekend."It's just quiet," a trader in New York said. "There's not much going on. People are just ready for the long weekend. I'd say we're just totally unchanged, pretty light activity in the secondary. People are just on the sidelines mostly."

"I'm really not seeing much of anything going on out there," a trader in Los Angeles said.

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