Fall in new money deals gives Far West worst volume year in a decade
A substantial drop in new money volume sets California and the Far West apart from the the country.
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A substantial drop in new money volume sets California and the Far West apart from the the country.
Spending on climate proofing infrastructure and other green capital developments increased 68% while overall volume tumbled 13% in the region.
Midwest borrowing last year went from 11% year-over-year growth in the first quarter to a 48% plunge in the fourth quarter.
The transportation bond sector may see the greatest growth in 2023 as a result of the infrastructure act, one analyst said.
Total volume in 2022 was at $389.094 billion in 9,123 deals, down 19.5% from the $483.358 billion in 13,130 deals in 2021, according to Refinitiv data.