Tax-exempt traders described the market as "apathetic" as buyers and sellers in the secondary weren't convinced to push the market in either direction.

"No one cares about anything right now," a New Jersey trader said. "No one wants to buy or sell. The market is in limbo."

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.