The secondary market took a backseat Tuesday morning as traders waited for the week's primary issuance to kick off.

All eyes were on the $800 million Illinois deal expected to price in the competitive market. The general obligation bonds will come in two pricings – $350 million and $450 million. The bonds are rated A2 by Moody's Investors Service, A-minus by Standard & Poor's, and A by Fitch Ratings.

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