U.S. municipal bond issuance through the second quarter of 2010 (2Q10) totaled $200 billion – up 1.9% over the first two quarters of last year. Municipal bond rates remain at or near historic lows and have recovered from the financial crisis in 2008 and 2009. Large States continue to dominate sales data and Build America Bonds (BABs) continue to be a significant part of the market.
As an easy reference, attached please find a more detailed summary of municipal bond issuance from the second quarter of 2010 and some highlighted interest rate trends.
Please contact me with any questions or if Mesirow Financial can be of further assistance.
Peter Bianchini
Managing Director,
Senior Municipal Strategist
+1 925.386.0262
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Founded in 1937, Mesirow Financial is a diversified financial services firm headquartered in Chicago. We are an employee-owned, private company with approximately 1,200 employees globally.
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