Light new issue supply ahead of the Thanksgiving holiday led to demand in the secondary market as prices rose, fueled by mixed trading of Jefferson County, Ala., sewer debt after last week’s pricing.

Various CUSIPS of the sewer debt traded with both stronger and weaker prices after the county issued $1.78 billion of debt while in bankruptcy. The county gained approval to exit Chapter 9 on Thursday. By Monday afternoon, $67.7 million was traded, with 45.8%, or $31 million, traded between dealers.

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