The sorrows of the municipal bond market continued Friday, as prices fell by another 5/8 point in what had already been a tough week.
"There seem to be very few buyers," one trader said. "You almost have to give it away to get them," he added. "No one really seems to have any place to go with securities -- it's almost like the prices don't even matter," he said. Friday's losses capped a dismal week, in which municipal bonds were off by about 3 1/2 points, this trader said.