Muni Bond Sales Surge With Debt Met by Eager Investor Demand
Muni-bond sales have already jumped this year. Borrowers have issued $246 billion of long-term debt in 2024, a 36% increase from the same period a year ago, data compiled by Bloomberg shows.
“With issuers either finally bringing delayed new bond issues or accelerating future bond issues to get in front of potential election-related uncertainty, first-half issuance was strong,” strategists at Municipal Market Analytics wrote in a research note dated Monday.