The municipal market was largely unchanged Friday, in light secondary market trading activity.“It’s fairly quiet,” a trader in New York said. “I’m not seeing a ton of trading going on, and I think people are mostly just winding down for the week. I’m not really feeling a pull in either direction, I’d say we’re just pretty flat.”

“We’re kind of mixed again, actually,” a trader in Los Angeles said. “It’s up in some spots, down in others, but we’re talking like a basis point in either direction, and we’re still mostly flat throughout the curve. There’s not a whole lot trading. It’s pretty quiet.”

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