Municipal bond sales are expected to be slightly lower during this holiday-shortened Columbus Day week, with an estimated $8.32 billion of new volume hitting the market, according to Ipreo LLC and The Bond Buyer. Last week, $8.42 billion of bonds came to market, according to Thomson Reuters.

The state of Washington expects to issue $1.375 billion of taxable and tax-exempt general obligation debt on Wednesday. The deals include $875.7 million of new-money and refunding tax-exempt GOs and $500 million of taxable Build America Bonds.

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