Underwriters lowered yields on $1.6 billion of Ne Jersey Turnpike Authority bonds yesterday, which were priced after a one-day delay, while secondary prices slipped 1/8 to 1/4 point compared to the Treasury market's 7/8 point loss.

The turnpike deal was postponed Wednesday as the market sagged under the weight of this week's $7.5 billion new issue calendars. But issuance ebbed today, with the 30-day visible supply dropping to $3.7 billion.

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.