A pair of deals from two New York municipalities and a Texas sale will headline an estimated slate of $4.47 billion in total new-issue supply in the primary market this week - more than double the revised figures from last week - as municipal volume continues to show signs of recovery from the month-long dry spell inflicted by the nation's financial and economic turmoil.

Last week the market welcomed $1.96 billion, according to Thomson Reuters, and the muni market rallied for the first time in over a month. Demand surged amid attractive long-term interest rates that peaked into the high 5% and low 6% range on high-quality new issues. Yields fell midweek as the market firmed.

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