With the highly-anticipated Federal Open Market Committee meeting looming this week, municipalities have curtailed long-term bond issuance to just over $3 billion while they wait to see if the Fed announces its intentions to begin scaling back its bond buying efforts now -- as is widely expected -- or postpones the announcement until the December meeting.

According to Ipreo LLC and The Bond Buyer, an estimated $3.5 billion in long-term bond volume is expected to be priced this week -- noticeably less than the revised $5.9 billion of actual issuance reported by Thomson Reuters last week.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.