The new issue market got off to an early start Monday as Citi priced for retail $370 million of New York City Municipal Water Finance Authority bonds.

Detroit - reeling from news it could default on up to $2 billion of debt - paper flooded the secondary market without initiating a major selloff.

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.