Municipals marked time yesterday as the 30-year Treasury bond ended just inside the plus column after recouping slight earlier losses caused by the dollar's dip against the German mark.

"Govies are unchanged; we're unchanged pretty much," one trader said, adding, "I don't consider a five-tick move on the govie, based on the dollar, a major move." The 30-year Treasury bond eventually erased slight losses to close up 1/32 for a 7.82% yield.

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