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Biggest Bond Glut of ’14 Imperils Record Debt Rally: Muni Credit

It takes a nationwide effort to halt the $3.7 trillion municipal-bond market’s record winning streak.

Benchmark yields are rising from a 15-month low as issuers from California to New York schedule about $12 billion of debt offerings in the next 30 days, amid the biggest wave since December, according to data compiled by Bloomberg.