Municipal bond prices barely moved yesterday in dull post-holiday trading as new issuance dried up, forcing market players to wait for Friday's unemployment data for direction.

Treasury prices opened 1/4 point higher on London gains, giving municipals a firm tone. But unfavorable economic data pushed taxables off the highs during midsession.

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.