Investors are flush with cash, but they will have less to choose from in the municipal bond market this week.

Anticipated new issuance should dip at a time when demand for tax-exempts is outpacing supply and muni yields are steadily dropping. Potential new issuance for this week should total an estimated $5.17 billion, against $7.97 billion last week. Investors anticipate no real bellwether or especially large deals this week.

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