Following one of the worst selloffs in recent memory that cheapened municipal bonds nearly 60 basis points in three trading sessions, new deals priced Wednesday in hopes of taking advantage of cheap prices and building demand.

Wells Fargo priced $1.3 billion of Illinois general obligation  bonds, rated A3 by Moody's Investors Service and A-minus by Standard & Poor's and Fitch Ratings.

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.