Traders looked to the primary as Wells Fargo won the bid for $300 million taxable Illinois sales revenue bonds. Secondary trading subsequently slowed.

"The secondary is dead," a New York trader said. "There are some big blocks out for the bid but otherwise it's pretty flat."

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.