As the municipal market closes the books on July, which saw $30.51 billion of long-term volume, issuers in New York, California, and New Jersey will usher in August with three of this week's largest deals as part of an estimated $4.65 billion of new-issue volume - noticeably less than last week's revised $6.56 billion total, according to Thomson Reuters.

An $800 million New York City general obligation offering will jump-start the negotiated activity on Wednesday, and will be the largest deal of the week, followed by a $717.8 million Bay Area Toll Authority revenue sale the same day. There are an estimated $3.69 billion in negotiated deals slated for this week, compared with a revised $5.39 billion last week.

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