The municipal market was unchanged to slightly firmer yesterday.

"There has been some scattered buying by some of the retailers, and the institutions are fairly quiet. There's not a lot coming this week, because it's a short week," a trader in Los Angeles said. "The market itself feels good to me, certainly some of the levels I'm seeing on the bid side are hanging right in there from Friday, and in one or two cases maybe up a bit. So I would say the market is in general unchanged, but in spots probably up a basis point or two."

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.