Against a backdrop of a softer tone and the week’s largest deals arriving in the tax-exempt market, Puerto Rico bonds traded mostly flat Wednesday, a day after commonwealth officials attempted to reassure investors of its willingness and ability to pay debts.

Traders said yields on the Sales Tax Financing Corp., or COFINA, bonds were flat in intraday trading. “There is light volume with some odd-lots going cheaper relative to interdealer trades,” a Chicago trader said. “There is not much in terms of sizeable blocks and those that are moving are just the flat interdealer trades.”

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