Quantcast
News

Dealers Predict 9% Jump in Muni Issuance Next Year: Updated

DEC 21, 2012 11:31am ET

Municipal bond issuance is expected to increase to $458.0 billion in 2013, a 9% jump from the $420.3 billion of munis issued in 2012 through mid-December, according to the Securities Industry and Financial Markets Association's annual survey of dealer firms.

To continue reading, log in, register or subscribe below.Calendars are available to registered users of The Bond Buyer web site.
Please log in below with the credentials you established at the time of your subscription or when you set up a free trial. If you have never set up an account with The Bond Buyer, please click the "Free trial" link below to set up your account.

Already a subscriber? Log in here.

Please note you must now log in with your email address and password.

 

Comments (1)
Looks like the new issue volume continues at or near a record pace for 2012. The Forecast for 2013 seems reasonable based on interest rates and a slowly growing economy. Naturally, the Fiscal Cliff could have an immediate impact on the bond market and the economy. Hopefully, Congress and the Administration will get a deal done before we go over the cliff.
From the municipal market prospective, the 2013 Tax Bill may have an even greater potential impact. We might see a Tax Bill that rivals the impact on municipals which resulted from the 1986 Tax Reform.
Terry Atkinson
Posted by terrylatkinson | Friday, December 21 2012 at 1:29PM ET
Add Your Comments:
Not Registered?
You must be registered to post a comment. Click here to register.
Already registered? Log in here
Please note you must now log in with your email address and password.

Already a subscriber? Log in here
Please note you must now log in with your email address and password.