Muni Market Faces $19 Billion Supply Wave, Biggest in Two Years
- Measure of expected issuance over next 30 days leaps
- Majority of sales is scheduled to hit the market this week
This article is for subscribers only.
The relentless surge in municipal bond sales this year is showing no signs of slowing down as investors brace for the biggest jump in new issuance in two years.
The amount of US state and city debt scheduled to sell in the next 30 days has climbed to almost $19 billion, the most since May 2022, data compiled by Bloomberg show. The measure typically represents a fraction of what actually comes to market as deals are announced with less than a month’s notice.