The municipal market was largely unchanged yesterday, as participants returned from the three-day Labor Day weekend."It's pretty quiet," a trader in New York said. "There's really not much movement right now. People are just sort of easing their way back in after the long weekend. I'd say we're pretty flat right now."
"We might be a bit better on the long end, maybe a bit weaker on the short end, but it's pretty quiet overall," a trader in Los Angeles said. "Not too much activity, which is to be expected coming back from the holiday, and the calendar is light, too, so that won't help, but activity should pick up quite a bit by next week."