Municipal bond prices fell 1/2 to 3/4 point yesterday after stronger-than-expected economic data and a weak dollar lopped 1 1/8 points off the 30-year Treasury bond.

"I would say we are outperforming governments," one municipal trader said. "There are guys willing to buy bonds -- there is some activity -- it's not one of tnese free falls where everyone has their helmets on and no one wants to buy," he added.

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