(Bloomberg) -- The $3.7 trillion municipal market is headed for the longest losing streak since March after localities offered the most bonds in three months.
Interest rates for benchmark 10-year tax-exempt debt have climbed about 0.07 percentage point this week to 2.39%, data compiled by Bloomberg show. Its the first two-week decline since March, which is also the last time the market absorbed as much issuance as this weeks $9.6 billion tally. Governments plan about $5 billion of sales next week.
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