November is starting off with a relatively strong week of new issuance in the municipal market, with two deals totaling at least $1 billion each. The amount of new deals continues to climb after a strong October.
For this week, $8.24 billion is expected to reach the primary market. This breaks down to $6.7 billion of negotiated volume and $1.54 billion of competitive volume. That compares to a revised $7.04 billion, with $5.49 billion negotiated and $1.55 billion competitive, that the primary market saw last week.