The municipal market was mostly unchanged yesterday, amid Goldman, Sachs & Co.’s pricing of the California Statewide Communities Development Authority’s $1.9 billion revenue bond sale.
“We’re fairly flat out there, but people are focusing on the new issues,” a trader in New York said. “With the Veterans Day holiday Wednesday, this is pretty much the day for new deals this week, so that’s where the attention is going to be. That said, there are some deals getting done out there, and it isn’t terribly quiet in the secondary. But I’m not seeing a whole lot of movement right now.”