Takeaways by Bloomberg AI
- Strategists in the municipal bond market are mostly predicting local governments will sell at least $600 billion of debt in 2026, eclipsing the record amount already offered this year.
- States, cities, airports, colleges, hospitals and other borrowers in the $4 trillion muni-bond market have sold about $546 billion of debt year to date, according to data collected by Bloomberg.
- Analysts expect municipalities to keep up the flow of bond sales as many tax-exempt bonds reach call eligibility and infrastructure needs persist, but are mixed on how interest rate cuts might impact borrowing.
Bloomberg Markets
By Aashna Shah
December 5, 2025