Reported 4 months ago
The municipal bond market is experiencing its most active year since at least 2013 with a record $183 billion in sales. This surge in bond sales is a result of US states and local governments ramping up activity, despite previously light government debt sales due to reliance on pandemic relief aid. The rise in issuance is welcome news for bankers who have seen dealmaking decline since 2022, with top-rated yields spiking and the 10-year benchmark nearing 3% amid growing uncertainty over rate cuts by the Federal Reserve.
Source: YAHOO