Municipal Bond Sales Poised to Decelerate as Redemptions Rise
- Broward County, Florida, airport to sell $489 million
- New York has the most debt coming due with $2.63 billion
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Municipal bond sales in the U.S. are set to decrease in the next month while the amount of redemptions and maturing debt rises.
States and localities plan to issue $7.8 billion of bonds over the next 30 days, according to data compiled by Bloomberg. A week ago, the calendar showed $11.2 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.