Deals may take a back seat to vacations, as the few expected issuances could have trouble getting done next week because of the fourth of July holiday, investors said.
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Many market participants will take vacation for all or part of the week, meaning there are less buyers around to purchase bonds.
"People are taking off that week, especially the higher-ups who make the decisions on the trading floor, how much and what to buy," a trader in Florida said. "The biggest problem is trying to have enough people actually at their desks."
Investors anticipate as the week goes on, trading desks will be more deserted.
"People want a holiday, they want to be at the beach, not checking their work email," a trader in Chicago said.
