The tax-exempt market turned its attention to the primary market Wednesday as the week’s biggest deals came to market.

Traders said given that many deals were over $500 million or even $1 billion, the market reacted with moderate reception. Outside the primary, all attention turned to reaction of Stockton declaring bankruptcy late Tuesday evening.

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.