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Muni Bond Issuance Up in 2001.(long-term municipal bonds)(Brief Article)
An exponential increase in refunding activity fueled by lower interest rates pushed long-term municipal bond volume up by 43.5 percent in the first quarter of 2001. Total issuance volume was $58.4. billion, compared to $40.7 billion in the same period last year. The overall surge in issuance was driven by falling interest rates that sent issuers scrambling to refinance higher interest ...
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Source: HighBeam Research, Muni Bond Issuance Up in 2001.(long-term municipal bonds)(Brief...