The municipal market was mostly unchanged yesterday in light trading activity as investors returned following Thursday’s Thanksgiving holiday and Friday’s abbreviated session.
“It’s pretty quiet so far,” a trader in New York said. “People are sort of easing their way back from the weekend, which was a long weekend for a lot of people. The market was open Friday, but there was really nothing going on. A lot of people were out. Today, though, it’s not totally dead. I think people will get stuff done if they need to, but it’ll probably take a day or so to get something going. ”