The tax-exempt market focused on the Illinois auction in the competitive market while traders said outside that big deal, the rest of the market was quiet.

All eyes were on $800 million Illinois general obligation bonds – auctioned in two pricings – rated A2 by Moody's Investors Service, A-minus by Standard & Poor's, and A by Fitch Ratings.

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.