US Consumer Confidence Falls
Bloomberg Intelligence
Growth and Dynamics in the Municipal Bond Market
This chapter explores the impressive expansion of the municipal bond market, focusing on a record $507 billion in new issuances largely driven by infrastructure projects. It examines the significance of tax-exempt bonds for financing essential public services, the role of bond insurance in enhancing investor confidence, and the impacts of both COVID-19 and natural disasters on market stability. The discussion underscores shifting demand dynamics and the need for ongoing investment in public infrastructure amid declining federal funds.
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