The tax-exempt market eyed two large New York deals pricing for retail Monday in the primary, taking the focus away from a softer secondary market.

Bank of America Merrill Lynch priced for retail $944.7 million of New York City general obligation bonds, rated A2 by Moody's Investors Service and AA by Standard & Poor's and Fitch Ratings. A second retail order period is expected Tuesday followed by institutional pricing Wednesday.

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