The municipal market was slightly weaker Friday amid fairly light ­secondary trading activity, ahead of more than $14 billion of new issuance in the coming week.

“We’re a little bit weaker, but there’s not a ton of trading,” a trader in Los Angeles said. “People are mostly on the sidelines today. There are some bits and pieces trading, and we’re down maybe two or three basis points, but past that, we’re just looking ahead to next week and the beefy new-issue calendar.”

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