An ailing Treasury market dragged municipals 1/8 to 1/4 point lower yesterday as most eyes turned toward the key inflation reports due out today and tomorrow.

"It's faded down just in sympathy with governments," a municipal trader said, "Our market by itself I don't think is in bad shape."

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.