The municipal bond market is facing headwinds, needing to meet a $580 billion volume target while high Treasury rates slow issuance.
2 reports, 2 independent
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What happened
The municipal bond market is facing headwinds, needing to meet a $580 billion volume target while high Treasury rates slow issuance.
How it developed
Newest first. Tap a step to see who reported it.Higher rates improve taxable-equivalent basis for municipals, offering new market insights.1 source
Issuance volume targets are high ($580B), but high Treasury rates are slowing the process.1 source