The largest deal of the week is expected to price in an overall weaker market Monday amid a calendar that could top $6 billion in new deals.

Citi is expected to price $700 million of city and county of Denver airport system bonds, rated A2 by Moody's Investors Service and A by Standard & Poor's and Fitch Ratings.

That comes as $6.86 billion of deals are on the calendar this week, including $5.95 billion in negotiated deals and $913.5 million in competitive auctions.

Most deals should price this week as long as munis stabilize. Coming off Friday's better than expected June employment report, munis weakened as much as 12 basis points. The fallout continued into Monday.

"I think it's affecting the secondary stuff," a San Francisco trader said. "Issuers will get a feel for what things are doing today. It seems a few basis points weaker but hopefully we will stabilize at some point and the new stuff can come."

A stronger Treasury market helped contain the sell-off. "Treasury bumps are back and that's helping," he said. "It's only off maybe three to five basis points."

The trader added triple-A rated Georgia bonds were trading 12 basis points off the Municipal Market Data scale Monday morning.

Friday, yields on the Municipal Market Data scale ended as much as 12 basis points higher. The 10-year yield increased 10 basis points to 2.66% and the 30-year yield rose 12 basis points to 3.95%. The two-year yield increased two basis points to 0.52%.

Yields on the Municipal Market Advisors scale also ended as much as 12 basis points higher Friday. The 10-year yield rose 10 basis points to 2.82% and the 30-year yield increased 12 basis points to 4.07%. The two-year yield rose two basis points to 0.55%.

Treasuries were stronger Monday morning. The benchmark 10-year yield slipped four basis points to 2.68%. The two-year and 30-year yields fell three basis points each to 0.37% and 3.66%, respectively.

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