Bond sales hit the highest in ten months

States and local governments are ready to issue about $13 billion in municipal bonds this week, according to data compiled by Bloomberg. The glut of supply is forcing issuers to raise yields to attract buyers.  http://www.bloomberg.com/news/2010-10-05/muni-bond-sales-reach-10-month-high-as-new-york-state-borrows-1-4-billion.html