There will be few sizable deals for investors to choose from in an abbreviated trading session this week due to the observance of the Presidents Day holiday, as $2.42 billion of expected new-issue volume will come to market after last week's revised total of $4.40 billion.

This week, the market is expecting to see $1.22 billion of competitive new issues versus a revised total of $947.8 million last week, and $1.19 billion of negotiated deals compared with a revised $3.45 billion last week, according to Thomson Financial.

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