A quiet afternoon in the municipal bond market looked to dip in activity even more after New Jersey Friday postponed its $350 million competitive sale of general obligation bonds to May 1.

The New Jersey sale was initially scheduled for Tuesday. A spokesman said the state had just issued two big deals - $877 million of New Jersey Transportation Trust Fund Authority and about $300 million of New Jersey Healthcare Financing Authority - and wanted to give the market time to digest those deals. The competitive calendar Tuesday also looked crowded, the spokesman said.

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