WASHINGTON — Municipal issuers will sell an estimated $450.5 billion of long- and short-term tax-exempt debt in 2010, a 7.9% rise over the $417.5 billion estimated for 2009, while the number of taxable Build America Bonds issued in 2010 could be 50% more than this year’s total, according to a survey of broker-dealers last month compiled by the Securities Industry and Financial Markets Association.

The survey, compiled from the responses of 15 SIFMA member firms polled between Nov. 9 and Nov. 30, forecast 2009 and 2010 issuance figures and interest rates. Given the level of activity in the market since the survey began, some of the projections for 2009 are below already-achieved issuance levels.

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