Nearly $7 billion of new deals, dominated by a $5 billion California note offering, slammed into the market yesterday, knocking long bond prices down.

The intermediate and short end of the curve, however, withstood the onslaught and remained firm.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

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