- Governments expected to sell $15.9 billion of bonds in 30-days
- Supply, demand imbalance has frustrated investors for months
The pace of new municipal-bond sales is poised to surge, snapping back from the late-summer lull and promising to ease a supply dearth that’s left money-managers competing to get in on debt offerings.
State and local governments are expected to sell $15.9 billion of bonds over the next 30 days, the fastest pace since June. The actual amount issued will be much higher because many offerings are scheduled with less than a month’s notice.
Bloomberg Markets
By Danielle Moran
September 10, 2021, 9:13 AM MDT