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The light month for long-term municipal bond volume is another ripple effect of the new tax law and the issuance rush leading up to its enactment.
February 28 -
Issuers across the Southeast sold $68.5 billion of bonds in 2017, a 5.8% year-over-year decrease.
February 28 -
Issuers in the Midwest sold $82.98 billion of debt last year, a 5% drop from 2016.
February 27 -
Municipal bond volume across the eight-state Southwest region in 2017 fell 9% below its 2016 record.
February 26 -
Long-term issuance in the municipal market virtually matched its record high set in 2016, against the backdrop of tax reform that produced an end-of-year flood of volume, but the outlook for 2018 is less rosy.
February 26 -
Northeast municipal bond issuance was up 4% from 2016 to $121.3 billion.
February 23 -
Municipal bond volume evaporated in January, as the market felt the aftereffect of federal tax legislation that pulled issuance forward into 2017.
January 31 -
The supply-demand imbalance for muni investors is more acute than usual after issuers accelerated deals ahead of the new tax law.
January 22 -
Issuers rushing to close PABs and refunding deals propelled issuance past the single-month record set before 1986 tax reform.
December 29 -
The new tax law and imminent scarcity threaten to change market dynamics for muni buyers in 2018.
December 26