Although the largest new deal this week is $2 billion of taxable general obligation bonds from Connecticut, the calendar is also chock full of sizable new tax-exempt deals as the market makes room for an estimated $8.5 billion of competitive and negotiated volume.

The Connecticut deal will be priced on Wednesday by Bear, Stearns & Co. after the firm takes indications of interest from institutional investors today and tomorrow. Bear also held a week-long retail order period last week on the sale, the proceeds of which will finance the teacher's retirement fund.

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