Activity was decidedly more brisk in the tax-exempt municipal bond market, where close to $2 billion worth of new issues were priced.

New issue activity was extremely heavy in the tax-exempt municipal bond market, as close to $1 billion worth of securities were priced.

New-issue activity in the investment-grade corporate bond market remained strong, as just under $2 billion worth of securities were priced.

More than $1 billion worth of new securities were priced in the tax-exempt municipal bond market.

As much as $6 billion worth of new tax-exempt securities could be priced this week, traders said.

Elsewhere, more than $800 million worth of new securities were priced in the high-yield junk bond market.

The $200 million worth of 12-year first-mortgage bonds were priced at $100, or par, to yield 9 5/8 percent.

Last week's decline in interest rates continued to entice corporations to offer debt securities, and yesterday nearly $1 billion worth of new issues were priced.

Participants in the tax-exempt municipal bond market had an exceptionally busy day, as roughly $1.4 billion worth of new issues were priced.

The $150 million worth of senior debt was priced at par, and carries a coupon of 10 percent.