New York's Metropolitan Transportation Authority and New York City will share the spotlight in the Empire State, teaming up to bring over $1.1 billion of supply to the new-issue market this week as overall volume is expected to reach $3.9 billion, significantly down from last week's revised $17.7 billion total.

Aside from the pair of New York deals, volume is otherwise relatively light this week, with only $911.4 million in competitive sales and $3.01 billion in negotiated sales, according to Thomson Financial.

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