Nearly all The Bond Buyer’s weekly yield indexes declined this week amid fairly light trading activity in the secondary market and ahead of tomorrow’s Thanksgiving Day holiday.

“There’s not been a lot of change, but I think we’ve gotten relatively firmer, though,” said Fred Yosca, manager of underwriting and trading at BNY Mellon Capital Markets. “We’ve seen some decent order flow here, but it’s quieted down a lot. The only major deals on the new-issue calendar this week were Georgia and New York State, and they are out of the way.”

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.