Tax-exempt bond prices drifted in very light, dealer activity yesterday as traders awaited this week's big new-issue calendar and today's Humphrey-Hawkins testimony by Federal Reserve Chairman Alan Greenspan before the House Banking Committee.

Both the competitive and negotiated slates were light, "even for a Monday," one trader commented. Prices ended the session essentially unchanged, but if there was any direction at all, "you could call it 1/8 point easier on some items," he added.

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