The municipal market remained unchanged yesterday in light to moderate secondary market trading activity.“We’re pretty flat, pretty much the story of the week,” a trader in New York said. “Today, there’s maybe a bit of a weaker tone, but it’s mild. There’s not much movement, not much activity. Just pretty flat.”

“I’d say we’re just flat again,” a trader in Los Angeles said. “We’re pretty entrenched in the summer doldrums right now. There’s not a lot happening out there, not a lot of people doing a whole lot of anything. It’s hard to say we’re anything other than unchanged.”

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