Municipal volume will remain near recent levels the week before the Memorial Day holiday, supported by rising investor demand and a continuing bond rally, market participants said.

Ipreo estimates volume will slip to $7.02 billion, after a revised total of $8.42 billion sold in the past week, according to updated figures from Thomson Reuters. The calendar for the week ahead, which includes a half-day Friday, is composed of $5.59 billion of negotiated deals and $1.43 billion of competitive sales.

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