(Bloomberg) -- Outflows, weak supply, rising interest rates, and mediocre returns are forecast for the municipal market as it prepares to ring in 2014 — in other words: more of the same.

Analysts and portfolio managers said they expect a continuation of the volatility that roiled the market in 2013, a tumultuous year that included the worst three-day sell-off in a quarter century and largest American municipal bankruptcy to date.

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