Traders in the tax-free municipal market moved slowly Monday, preparing for a week of solid new issue volume as prices cheapened ahead of $12.4 billion in deals expected in the next 30 days.

The Bond Buyer's most recent 30-day visible supply showed $8.253 billion in potential volume this week, almost twice as much as the $4.388 billion introduced in the week ended October 18. That includes $5.669 billion in negotiated sales and $2.585 billion competitive, compared with $3.769 billion and $620 million last week, respectively.

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