The $1.2 billion Iowa Finance Authority deal stole most of the attention in the primary Tuesday afternoon as traders said any bond with yield is extremely well received.

"I heard it is going well and Citi had high expectations for the deal and it's going as advertised," a Pennsylvania trader said.

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.