The municipal-bond market is expecting the highest weekly issuance volume of 2011, stoking hopes of a revival at a time when both supply and demand have remained weak.
Roughly $5 billion in new tax-exempt issuance is expected this week, the largest single-week total so far this year, according to Thomson Reuters Municipal Market Data. The 30-day visible supply index, from trade publication the Bond Buyer, shows $10.7 billion in expected new issuance during that period.
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