The municipal market was unchanged to slightly firmer yesterday as the Puerto Rico Electric Power Authority came to market with an upsized $643 million sale.

“There’s maybe a little bit of firmness out there, but it’s spotty,” a trader in New York said. “Overall, I’d probably call it unchanged, maybe one basis point better depending on what you’re trading. But you could pick up as many as two or three basis points, depending on the credit and where on the curve you’re talking.”

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