The municipal market will see a slight decline in new-issue volume this week as some issues remain postponed due to unsettled market conditions, and as some issuers await the Election Day outcome of an estimated $66 billion of bond referendums before proceeding with their deals.

Combined volume this week is estimated to be $3.53 billion, down noticeably from last week's revised $5.27 billion, according to Thomson Reuters. New volume includes $3.36 billion of negotiated sales versus $4.45 billion last week, and $173 million of competitive sales versus $820 million last week.

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