Hurricane Irene has come and gone, but the municipal market managed to get swept up in her tailwinds Monday, leading to sparse attendance on some trading desks and extremely light activity in the primary and secondary.

“It was a very quiet Monday,” said a trader in California. “There seemed to be a lot fewer bid-wanteds; it might be because people in New York weren’t at their desks. The market was maybe a touch weaker, but there was very little activity going on and it was hard to get a read.”

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