LOS ANGELES — Hawaii may face competition in the bond market Nov. 1, when it plans to price $821 million in general obligation bonds in a combined new money/refunding deal.

New issue supply has begun to weigh on the market as municipals lag behind U.S. treasuries in the recent post debt ceiling rally, according to Peyton Studebaker, director of trading for Richmond, Va.-based Caprin Asset Management.

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