SAN FRANCISCO - The San Jose Redevelopment Agency plans to test the market's appetite for competitive deals today with $100 million of tax-allocation bonds.

The agency is bucking a trend toward negotiated deals that has dominated the market - even more than usual - since Lehman Brothers Holdings Inc.'s bankruptcy and the onset of the most recent phase of the credit crisis. Issuers have shied away from competitive deals, saying they cannot set a date certain for a sale and need the freedom to reschedule or delay sales in today's volatile market.

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