Industry Veteran Sees 2024 Muni Sales Hitting as High as $440 Billion [Yahoo! Finance]
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Source: Yahoo! Finance
(Bloomberg) -- A strong start to the year is stoking veteran municipal bond investor John Miller's prediction for sales in the $4 trillion market for state and local government debt. Most Read from Bloomberg Dubai Grinds to Standstill as Flooding Hits City Elon Wants His Money Back Singapore Loses ‘World's Best Airport' Crown to Qatar Record Rainfall in Dubai? Blame Climate Change, Not Cloud Seeding Red Lobster Considers Bankruptcy to Deal With Leases and Labor Costs Municipal issuance will rise 10% to 15% to as high as $440 billion this year, the head and chief investment officer of the high-yield muni credit team at First Eagle Investments said. When the year started, he had expected a 5% increase to $400 billion but surging first-quarter sales led him to revise his estimates upward. “So far we've come out of the gates a bit on the high end,” Miller said. “I am being influenced, I have to admit, by the first quarter.” Long-term municipal sales rose more than 30% d
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