Issuers in New York and Massachusetts are headed to the primary market with large financings this week earmarked for transportation, environmental, and education purposes as part of a $4.11 billion in expected new volume, according to Ipreo LLC and The Bond Buyer.

As February gets underway, issuers hope the market begins stronger than where January ended last week when yields on the long end of the market rose by as much as three to five basis points on average. This was against the background of an announcement last Wednesday by the Federal Open Market Committee that it would leave the federal funds rate target unchanged at its 0% to 0.25% range.

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