Municipal bond traders allowed Illinois’ competitive auction to steal their attention Tuesday as they noted the market was very quiet outside that big deal.

Outside the Illinois deal, traders said the market was waiting for the big wave of issues to price Wednesday and were still digesting news out of Stockton that came late Monday afternoon.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

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