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.
Before the financial crisis of 2008-09, it would have been significant news if yields on municipal bonds had exceeded those on Treasury securities at any maturity, and that occurrence likely would have attracted a variety of investors seeking to take advantage of the relative-value opportunity.
the bond buyer conferences
September 25-27, 2013JW Marriott LA Live, Los Angeles, CA
October 27-29, 2013Crowne Plaza Times Square Manhattan, New York, NY