There will be a significant and noticeable bulge in note issuance this week when a $6.4 billion Texas note deal makes its way to the municipal market amid the dog days of summer.

By comparison, last week the largest deal was a $327.9 million District of Columbia general obligation sale that was priced by Merrill with a final 2033 maturity yielding 5.02%. Most of the bonds were insured by Berkshire Hathaway Assurance Corp.

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