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But it was well above the level that many market participants had led themselves to expect.
Market participants said demand for the new notes should be good.
Indeed, a growing number of market participants now expect the next rate increase to come in May.
But market participants said they were not surprised that short interest fell.
Analysts said the numbers were what many market participants had expected.
But now, it may have to be delayed, the market participants said.
Municipal issues were up by a like amount, market participants said.
But market participants expected that the central bank would not make any changes in interest rates.
For whatever reason, market participants see small and value companies as being more risky.
Market participants said retail interest in the new notes was very light.
The new growth figure itself did not disturb market participants.
Market participants say that volume is likely to increase further this year.
Such statements had been expected by most credit market participants.
However, many market participants said they considered those steps unlikely.
In some countries, health system planning is distributed among market participants.
This move has been criticized by other professional market participants.
"Certainly there will be speculation by market participants that they had been set up."
For the time being, however, market participants see little reason to buy or sell bonds.
Something that strikes me as also especially important is the committee of market participants, which we decided on.
Some bond market participants said the two events were related.
So what should market participants do now that they know those numbers can be worthless?
There has been no lack of news to keep market participants attentive.
Many market participants had expected sales growth to ease below 2 percent.
Market participants in London seem to have learned that lesson.
Exactly how market participants will respond to the new rules remains to be seen.