Favorable market rates and fear of tightening federal regulations injected new life into the health-care bond market during the first three quarters of 1991, with volume jumping almost 40% from last year's levels.

Health-care issuers sold 555 deals during the first nine months of the year, totaling $13.7 billion, according to Securities Data Co./Bond Buyer. That compared with 448 issues during the same period last year, when volume hit $9.8 billion.

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