The municipal market was unchanged to slightly weaker yesterday. Traders said tax-exempt yields were flat to higher by one basis point.“It’s fairly quiet,” a trader in New York said. “We’re probably a little bit weaker, but there’s not a whole lot of movement. I’d say we’re weaker by maybe a basis point or so.”

“It was pretty quiet, and really somewhat flat,” a trader in Los Angeles said. “There might have been a bit of a weaker tone, but I’d say it was fairly flat on the day. If anything, we were down a basis point or so, but only in spots.”

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