The anaconda of apathy continued to tighten its stranglehold on the municipal marketplace Wednesday. And by many participants’ accounts, the sparse volume and turnover must increase dramatically and soon in order to spark any serious and sustained investor interest.
To begin with, buyers are discouraged by what they see, according to a Florida trader. They see a light calendar this week and the next. They think expectations for the following week are probably too optimistic, at this point. So, buyers think there will be better opportunities down the road.