The Bond Buyer’s weekly yield indexes rose this week amid a heavy onslaught of new issuance, mainly out of California, and a mostly unchanged secondary market.

“I think there has been decent activity in the secondary, but without a doubt, with the big calendars, the focus has been on the new issues,” said George Strickland, managing director and portfolio manager at Thornburg Investment Management. “But that doesn’t preclude stuff happening in the secondary.”

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