Article: Record Debt Sold in First Nine Months: Low Yields Spurred Municipal Issuers.

Issuers in the long-term municipal bond market tapped the capital markets for a record amount of debt in the first nine months of this year, capitalizing on low yields in the earlier part of the year and strong investor appetite. Issuance for the month of September, however, was the lowest of any month this year.

Municipal issuers sold $286.53 billion via 10,904 issues in the first nine months of 2003 -- a 12.9% increase over the $253.76 billion sold in the first nine months of last year, according to Thomson Financial.

Despite the increase, monthly figures for last month were not as robust. Borrowers tapped the bond market through 901 issues totaling ...

Related newspaper, magazine, and journal articles:

 
 
Newsweek Harper's Magazine The Washington Post Chicago Tribune Crain's Chicago Business PRNewswire Pediatric News The Nation Advertising Age The Economist (US) A FREE trial gives you access to over 80 million articles! Access over 6,500 publications with a FREE trial!