Bonds
Loop’s Reynolds Sees 2025 Muni Sales Rising Up to $600 Billion
Employees pave a state highway in Streator, Illinois.
Photographer: Daniel Acker/BloombergThis article is for subscribers only.
Loop Capital founder Jim Reynolds expects municipalities to sell as much as $600 billion of bonds this year. The market has already seen the biggest start to a year since at least a decade.
Long-term state and local government bond issuance may reach $550 billion to $600 billion in 2025, based on volume so far this year, the chief executive officer of Chicago-based Loop said during a Bond Dealers of America conference last week.