Bonds
Muni Bankers Shrug Off Citi’s Exit and Celebrate Deal Bonanza
Issuers have sold $423 billion of long-term municipal bonds so far this year, a more than 40% increase from the same period in 2023.
Photographer: David Paul Morris/BloombergThis article is for subscribers only.
In San Francisco this week, municipal-bond bankers weren’t fretting about industry concerns or the departure of giant Citigroup Inc. earlier this year.
Instead, they were celebrating the deals they’ve picked up amid a record pace of new state and local government bond sales this year.