Municipal's early sojourn in positive territory yesterday ended as falling Treasuries dragged prices lower in lethargic pre-Independence Day trading.

The market is "quoted down a half with nobody doing [anything]," one trader said.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.