New money borrowing keeps Midwest in positive first-half territory
Higher education borrowing led by century bond deals helped offset the dive in refundings brought on by rising interest rates.
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Higher education borrowing led by century bond deals helped offset the dive in refundings brought on by rising interest rates.
Bond issuance in the Southwest region was down 10.1% to $40.8 billion from January through June compared to the same period in 2021.
Total volume in the first half of the year was at $209.718 billion in 5,153 deals, down 11.2% from the $235.836 billion in 6,793 over the same period in 2021, according to Refinitiv data.
The Northeast's issuers sold $49.69 billion of municipal bonds in the first half of 2022, down more than 18% year-over-year.
Issuers in California sold more than $86 billion of municipal bonds in 2021.