The municipal market was unchanged to slightly firmer yesterday, as investors eased their way back from a long weekend.

"There is a little bit of firmness out there, but it's really been quite slow," a trader in Los Angeles said. "It's to be expected, coming back off a three-day weekend, but there really wasn't much business getting done. There wasn't much going on in the primary market either, so nothing really to pull anybody out of their slumber."

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