Muni-Bond Sales Surge by the Most Since Last US Election Rush
- Activity driven by borrowers avoiding post-election volatility
- Sales this year at a record-setting pace at about $400 billion
Governments are also borrowing again for infrastructure projects as federal pandemic relief aid runs out.
Photographer: David Paul Morris/BloombergThis article is for subscribers only.
With the US elections less than three weeks away, the sale of local and state government debt is surging.
The 30-day supply of municipal bonds rose to about $22.9 billion as of Wednesday, the highest since October 2020, another period when sales was elevated due to looming elections, according to a Bloomberg index of scheduled sales over the next month.