The biggest deals priced for institutions in the municipal bond market Wednesday and took much of the focus, though traders also kept their eyes on the Federal Open Market Committee announcement.

In its statement, the Fed said it will continue to purchase $45 billion a month of long-term Treasuries and $40 billion a month of mortgage-backed securities to “maintain downward pressure on longer-term interest rates, support mortgage markets, and help to make broader financial conditions more accommodative.”

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.