While the municipal market was quiet and mostly unchanged yesterday, the primary market was active, as the Ohio Higher Educational Facilities Commission came to market with more than $800 million of bonds, and the Metropolitan Water Reclamation District of Greater Chicago sold $600 million of taxable BABs."We're pretty flat," a trader in New York said. "We're seeing a nice little uptick in Treasuries, but it's not really translating over to our market. We're just pretty deeply entrenched in the summer doldrums over here. There are some deals coming this week that are going to get some interest though, a few larger issues. So there's that at least. But I'm not seeing a whole lot to write home about in the secondary. It just feels pretty quiet out there, definitely flat."
In the new-issue market yesterday, an $804.4 million hospital deal from the Ohio Higher Educational Facilities Commission on behalf of the Cleveland Clinic Health System was priced for institutions by JPMorgan, following a retail order period Monday.