Municipal Bond Sales Poised to Accelerate as Redemptions Rise
- Louisiana will offer $359 million of general obligation debt
- Investors added $1.46 billion to mutual funds in past week
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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 $13.8 billion of bonds over the next 30 days, according to data compiled by Bloomberg. A week ago, the calendar showed $11.7 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.