The municipal market was largely unchanged yesterday amid light secondary trading activity, as Georgia competitively sold $603 million of debt.
“It’s pretty quiet,” a trader in New York said. “This should be a fairly quiet week, with the Thanksgiving holiday, and a lot of people out on vacation. The new-issue calendar is light, and I don’t really see much secondary trading happening. I think people will be mostly treading water until we come back next week.”