Prices were mixed yesterday and traders reported some nibbling by buyers, but big market plays were not to be found on the eve of today's employment report.
Breaking what has seemed like an eternity of dull sessions, traders reported some interest for bonds from legitimate buyers early yesterday. The tone firmed and some prices we re 1/8 to 1/4 point higher by session's end, despite a bigger-than-expected fall in weekly jobless claims. Debt futures prices were also higher. The December municipal contract settled up 3/32 at 104.13, up from a low of 104.09, but down from a high of 104.17. The MOB spread narrowed to negative 476 from negative 479 on Wednesday after government prices headed lower and municipals rose,