Despite attractive borrowing rates, issuers continue to hold back, with new-issue volume slipping for a third week, putting it on schedule to be the fourth-slowest so far this year.

The market is expecting $2.95 billion of new issuance this week, down from a revised $3.9 billion last week and $4.27 billion the week before, according to Ipreo LLC and The Bond Buyer.

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