The muni market recorded its fourth straight month of positive returns in November and December is likely to keep the streak going with another strong month to round out the year.
November volume was $38.487 billion, up 51.1% from $25.47 billion in 2024. This is above November's 10-year average of $33.743 billion.
King County, Washington plans a $422.2 million competitive sale of limited tax general obligation bonds for Wednesday.
The new debt is a "bridge loan" until the company can raise fresh financing, a bondholder said.
The deal combined the benefits of a green designation with a massive, highly visible airport project.
Preliminary November issuance figures are at $37.054 billion, up 45.5% year-over-year, according to LSEG.
