The tax-exempt market continued to trade steady with muted activity Monday afternoon as traders said they waited for primary issuance to price later in the week.

“It’s very quiet,” a Los Angeles trader said. “There is over $9.5 billion coming so people are sitting and waiting.”

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.