Renewed buying interest pushed municipal bond prices up 1/2 point overall yesterday as participants waited for today's $785 million of New York City bonds and $4 billion of California revenue anticipation warrants.

"Our market seems to be pretty strong," a municipal trader said. Yesterday's active session saw dollar bond prices climb 1/2 to 5/8 point, while yields on high-grade issues fell by nearly five basis points, a municipal analyst said.

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