The trend of paltry issuance seen in November will continue into December, said Tom Kozlik, managing director head of municipal research & analytics HilltopSecurities. Bond Buyer 30-day visible supply sits at $9.42 billion. "We're going to be lucky to get something between $10 billion and $20 billion this month," he said, noting that December is usually a low issuance month, but this year is "going to be one of the lowest Decembers that we've seen in a long time."

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