Municipal investors aren't the only ones who know that Thursday will be one of the biggest bond redemption dates in their market's history.

Crossover buyers from the corporate ranks have been spotted in the tax-exempt market in recent months hoping to benefit from heightened demand for municipal paper, generated as investors try to re-deploy funds into the muni market, said James M. Snyder, a senior vice president in fixed income management at The Northern Trust Co. in Chicago.

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