A pair of deals from issuers in Massachusetts and California will headline this week's primary market, where an estimated $4.32 billion is expected to offer the largest - and most notable - increase in new-issue volume since the recent economic turmoil that put the municipal market in a deep freeze over the last six to eight weeks.

This week will see an estimated $3.37 billion in negotiated sales, which is a jump from last week's revised $2.48 billion, according to Thomson Reuters. Market participants said the new issues priced this week should get some keen attention from investors as they are weighted on the long end of the yield curve where maximum yields are still above 5%, and that is where investors flocked on Friday following a rally in the Treasury market.

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