New York stole the spotlight in the tax-exempt market yesterday with the city's sale of $1 billion tax anticipation notes and the state's offering of $191.3 million general obligation bonds.

In light secondary trading, prices managed gains of 1/8 to 1/4 point after closing unchanged for this week's first two sessions. Some New York dollar bonds moved up 1/4 on the successful marketing of the state's issue, which was down to a balance of less than $75 million.

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