Municipal bond prices ended mostly unchanged yesterday in a session dominated by negotiated deals by the California Public Works Board and the West Virginia School Building Authority.

"There's very little liquidity in the Street." one municipal trader said. "If you have to unload your position in the Street, you are going to take a major bath."

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.