Municipal Bond Sales Poised to Accelerate as Redemptions Rise
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LOS ANGELES, CA - AUGUST 12: on Auguts 12, 2010 in Los Angeles, California.
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Municipal bond sales in the U.S. are set to increase in the next month while the amount of redemptions and maturing debt rises.
States and localities plan to issue $11.9 billion of bonds over the next 30 days, according to data compiled by Bloomberg. A week ago, the calendar showed $10.1 billion planned for the coming month. Supply figures exclude derivatives and variable-rate debt. Some municipalities set their deals less than a month before borrowing.