The primary market should be fairly brisk this week as the new-issue calendar includes two California deals each larger than $1 billion, a handful of Build America Bond issues, short-term notes, variable-rate bonds, and a generous helping of long-term essential service issues.

California’s $3 billion of negotiated sales tax-backed economic recovery refunding bonds will dominate the market based on its size and availability and accounts for a substantial amount of the estimated $10.786 billion in new, long-term volume targeted for pricing by issuers this week, according to Ipreo LLC and The Bond Buyer.

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