The primary market took center stage in the municipal market as most of the bigger deals of the week arrived on Wednesday. Some traders noted the large amount of deals forced some price cuts, but said that didn’t take away from the fact that deals were well-received.

“Today is the heaviest new issue day of the week and that’s getting all the attention,” said a trader in Atlanta. “That’s where the focus is and where money is but it does seem like there is decent underlying interest for bonds.”

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