Municipal market volume may improve this week from last, though municipal experts say issuance continues to be thin for this time of the year as the spring reinvestment season approaches.

“ 'Where’s the supply?’ is the million dollar question,” said Jay Alpert, executive vice president of trading, sales, and underwriting at M.R. Beal & Co. “It’s gotten to be more than a simple question – it’s becoming a major mystery,” he said. “The absence of significant new-issue supply has permeated the entire dealer community.”

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