Volume will decline sharply this week as the market closes the books on the first quarter.

Scheduled new issuance is estimated at $3.04 billion, according to Ipreo LLC and The Bond Buyer, ahead of the upcoming Passover and Easter holiday observances. This compares with last week’s supply bonanza totaling a revised $11.86 billion, which included a pair of multi-billion dollar offerings, according to Thomson ­Reuters.

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