Volume will slow this week due to the observance of Veteran's Day as deals from California and New Jersey head to a market that weakened after Friday's stronger-than-expected employment report.

According to Ipreo LLC and The Bond Buyer, issuers are expected to price an estimated $5.03 billion in long-term issuance in the holiday-shortened week due to Monday's bond market close. The new supply compares to the revised $6.33 billion that was actually priced last week, according to Thomson Reuters, and arrives ahead of the highly-anticipated $1.7 billion Jefferson County, Ala. sewer warrant bankruptcy exit plan next week.

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