New issues attracted improved investor interest yesterday, players said, but the secondary was mixed as the market idled ahead of today's economic reports.

Underwriters reported mostly small balances on competitive deals, and they said they were able to raise prices on much of the negotiated product sold yesterday, indicating improved investor demand in the primary. But traders said that those same investors probably sold bonds in the secondary to enable them to snap up new bonds. They also said many accounts may be sitting on their cash, worried about what a pending passel of economic news will mean for interest rates.

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.