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Municipal Bond Sales to Rise in January After 23% Jump in 2015

Municipal bond sales in the U.S. are set to increase in the next month while the amount of redemptions and maturing debt falls following a year when new issues and the size of the market expanded.

States and localities plan to issue $8.3 billion of bonds over the next 30 days, according to data compiled by Bloomberg. A week ago, the calendar showed $5.6 billion planned for the coming month. Supply figures exclude derivatives and variable-rate debt. Some municipalities set their deals less than a month before borrowing.