Municipal cash prices ended up three-quarters of a point yesterday, while futures shook off most of an afternoon chill induced by Orange County, Calif., bankruptcy rumors to finish higher as well.

"We had very little selling again by retail, and mutual funds continued to be buyers," a municipal trader said. The trader pointed to a roughly $250 million bid list put out by a crossover buyer Monday afternoon that contained "a lot of 30-year discount type" of paper. "It all got purchased by mutual funds [Monday] afternoon and [yesterday] morning," he noted.

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