The Northeast region will take center stage in this week's primary market when a trio of sizable deals - led by a $467.2 million revenue sale and auction-rate conversion from the Dormitory Authority of the State of New York - is expected to be priced as part of an estimated $4.90 billion in total new-issue volume, according to Thomson Reuters.

Supply this week is expected to more than double last week's revised $2.05 billion when the municipal market celebrated the Labor Day holiday, according to Thomson figures. This week, however, there will be a somber mood on Wall Street and in the municipal market on Thursday, with only one sizable deal scheduled for the seventh anniversary of the Sept. 11, 2001, terrorist attacks in New York City and Washington.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.