Overcoming a sudden sluggishness, the municipal bond market managed last month to reach a single-year record for new bond sales of $242.45 billion, according to data compiled from the data base of Securities Data Co.

With two months left in the year, new-issue volume surpassed the record set in 1992 of $235.11 billion for a calendar year. This year's 10-month total is 24% above the $195.41 billion figure for the same period a year ago.

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