The municipal market was quiet and unchanged yesterday, ending a string of trading sessions where firmness reigned for more than two weeks.

“It’s pretty flat right now,” a trader in New York said. “There’s not a whole lot going on in the secondary market at the moment; I’m not seeing a whole lot of trading. So, it’s pretty quiet, and there’s not a whole lot of movement either. I’d say we’re just flat right now.”

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