2021 was already a strong year, and it’s going to be another busy year in 2022 for municipal bonds with record issuance in the already $4 trillion dollar market.
According to a Bloomberg article, sales predictions based on data “collected from almost a dozen firms range from about $420 billion to $495 billion. A notable outlier is the projection from researchers at Bank of America, the market’s largest underwriter, who expect a record year of sales totaling $550 billion.”
Those projections come after the trillion-dollar infrastructure package was signed into law this year. The expectation is that local governments will issue a record number of bonds to help fund a wide swathe of infrastructure packages.
ETF TRENDS
by BEN HERNANDEZ
DECEMBER 27, 2021