The municipal market was weaker yesterday. Traders said tax-exempt yields were higher by five or six basis points.

"Not a lot of activity, but it was definitely a weaker day," a trader in New York said. "You had a bunch of people still on the sidelines, but we were off at least five basis points, more in spots."

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.