The municipal market was largely unchanged yesterday, as the New York City Transitional Finance Authority priced an $800 million transaction for institutions.In the new-issue market, JPMorgan priced $800 million of future tax-secured bonds for the TFA. This follows a two-day retail order period, during which $281 million of bonds were sold.

The bonds mature from 2011 through 2029, with term bonds in 2034, 2036, and 2038. Yields range from 0.93% with a 2% coupon in 2011 to 5.04% with a 5% coupon in 2038.

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