DALLAS - After calling off a $430 million competitive sale of general obligation bonds amid market turmoil last October, triple-A rated Utah is taking the negotiated route, starting with a retail order period today.

"We never have had a retail order period, so this is a new venture for us," said state Treasurer Richard Ellis. "But retail tends to be such a huge component of the market these days that we decided to offer it."

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.