The arrival of a billion-dollar deal from Florida along with large utility offerings this week will keep the primary market busy despite the abbreviated trading in observance of Memorial Day yesterday. However, new-issue volume at the end of May won't be much higher than it was at the start of the month.

In the first full week of May, the primary market saw $6.5 billion of new volume, according to Thomson Reuters. This week, at the end of the month, an estimated $6.58 billion of new-issue volume is expected, compared with a revised $7.71 billion last week.

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