After several weeks of relatively high volume, municipal issuance isn’t cooling off just yet, with $7.37 billion expected to come to market, down only slightly from last week’s revised $7.71 billion.

“Volume is lighter than last week and it’s also more spread out — it’s not just two large deals — so I suspect deals will get a pretty good reception,” said Alan Schankel, managing director at Janney Capital Markets.

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