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<a href="http://www.accessmylibrary.com/coms2/summary_0286-22415559_ITM" title="Facts and information about 2002 a record year for debt issuance. (News Briefs).(Brief Article)">2002 a record year for debt issuance. (News Briefs).(Brief Article)</a>
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2002 a record year for debt issuance. (News Briefs).(Brief Article)
Low interest rates and falling revenues combined to make 2002 a record year for the municipal market. According to Thomson Financial Securities Data, new-issue volume for long-term bonds totaled $357.1 billion in 2002, surpassing the $292.2 billion record set in 1993. The 2002 total represents a 24 percent increase over the previous year. Short-term volume for the year totaled $72 billion--a 28.1 percent increase over the $56.2 billion record set the previous year. Fittingly, 2002 also witnessed the ...
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