Last Friday's losses carrie over into the market yesterday and municipal prices were mostly lower in stagnant activity as supply and a confused economic picture continue to hold the market at bay.

Prices fell as much as 1/4 on some names, but short-covering boosted some prices 1/8 point. Traders said that the market is reluctant to make any real moves after last Friday's plunge on stronger-than-expected May jobs data.

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