Prices of tax-exempt bonds ended 1/8 to 1/4 Point lower Friday as players hauled out their crystal balls yet again to see whether tomorrow's Federal Open Market Committee meeting would produce another credit tightening.

"The market is quiet," one municipal trader said. "There were some bid lists out [Friday] morning, which put a little bit of pressure on the market."

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.