Municipal bond sellers emerged Tuesday morning amid a softer market and a flurry of primary deals expected to price later in the day.

"It's a little busier," a New York trader said. "There are lots of sellers and a lot of stuff out for the bid." But with June reinvestment money about to hit the market and little supply, traders didn't expect the sell-off to last long.

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.