NEW YORK — The municipal market is revving up for the week’s new deals, particularly those coming from issuers with triple-A ratings. The secondary is off to a subdued start, according to a trader in New Jersey.
“It’s pretty quiet right now,” he said. “I don’t think the Street’s long much. The wirehouses are stocking enough to keep the account execs busy and happy. No one’s loading the boat expecting a rally here.”