New issues yesterday smashed the $3.5 billion barrier for what appears to be the fourth time this year.

"I think most of it is being fairly well received," one trader said. "Clearly, I think there are few issues that might need some time to get out of the woods."

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.