Amid a smattering of new issues, the municipal market finished yesterday's session slightly firmer in light to moderate trading activity.Traders said tax-exempt yields were lower by one or two basis points.

"We're feeling a little bit firmer," a trader in New York said. "I'd say we're better a good basis point or two. There's been a firmer tone the last couple days, but not enough activity to really move the scale, but I think we're clearly a bit better yesterday."

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.