Municipal bond prices finished unchanged to slightly lower yesterday despite favorable inflation news that followed Tuesday's dramatic tightening by the Federal Reserve. New issues, however, saw good demand.

"CPI was a good number this moming," one municipal trader said yesterday, referring to October's consumer price index report. "I guess it's gotten to the point fight now where sentiment is so negative that it's going to take more than just a few days and a few statistics to turn things around."

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