Even amid record-low muni yields, new issuance is expected to take a hit this week, with $3.65 billion of new money coming to market, down from last week’s revised $4.72 billion.

The competitive market will see $763.3 million this week versus last week’s revised $1.15 billion, and the negotiated market will see $2.89 billion compared to a revised $3.57 billion last week.

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