Issuers in Texas and California will dominate the primary calendar this week - bringing a fresh supply of Build America Bonds to the new-issue market - as the end of July marks the arrival of an estimated $5.91 billion of total competitive and negotiated volume, according to Ipreo LLC and The Bond Buyer.

This week's volume is nearly double the supply last week, when a revised $3.10 billion of new deals sold, according to Thomson Reuters. The increase in planned issuance comes as investors continued the year's trend and put nearly $1 billion of cash into municipal bond mutual funds last week.

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