Aside from an $800 million New York City general obligation refunding planned for Wednesday, there will be few large deals to grab investors' attention in the municipal market this week as approximately $5 billion in new issuance is expected on the heels of a quiet end to last week's activity.
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Tax-exempt money market funds had a hard time holding onto what little inflows they regained last week as $1.72 billion exited the industry and total net assets settled at $258.36 billion in the week ended May 13, according to The Money Fund Report, a service of iMoneyNet.com.
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