The municipal market was mixed yesterday, opening up what will be another new-issue driven week ahead of the Thanksgiving holiday.
“We’re pretty flat right now, opening things up,” a trader in New York said. “There’s some decent activity out there for a Monday, but eyes are going to be on the new issues again this week. We’ve got a pretty chunky calendar out there this week, ahead of the holiday next week, when things are going to naturally slow down, and really just get slower and slower as we head to the end of the year. I’m not too sure we’ll see a week like this again before next year.”