On the heels of a mostly steady to stronger tone and brisk demand for deals, the municipal market is anticipating the arrival of a $5.5 billion California revenue anticipation note deal this week as well as more than $4 billion in new long-term paper — all of which should see strong demand, municipal experts said.

The mammoth note deal is expected to be well received by buyers looking for a safe haven on the short end of the market, while the $4.26 billion of long-term deals expected by Ipreo LLC and The Bond Buyer should appeal to retail investors looking for a good combination of quality and diversity, according to sources. The expected volume compares to the revised $6.41 billion that actually came to market last week, according to Thomson Reuters.

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