The primary market will see a skimpy sampling of moderately sized deals this week as new-issue volume dips to $3.09 billion, according to Thomson Reuters, and the municipal market slows to a snail's pace in the last full week of trading activity before the Labor Day hiatus.

Last week, the market saw a revised $4.92 billion of new-issue volume, according to Thomson. Activity slowly begins to resume next week when a $492 million Florida Municipal Power Agency revenue offering is slated to come to the negotiated market.

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