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Municipal Bond Market Trends and Analysis
The chapter delves into the packaging of bonds tied to congestion pricing revenue, exploring ways the MTA can leverage this income for infrastructure improvements. It highlights the surge in municipal bond issuances, fueled by inflation driving project costs and the continuous need for borrowing. The discussion also revisits a renowned Wall Street bar as a gathering place for muni bond professionals, reminiscing about the camaraderie and business transactions that took place there.