US state and local government debt is on track to notch its weakest July in more than two decades, as rising benchmark Treasury yields and a flood of new issuance take a toll on what usually is one of the strongest months for the $4 trillion market.
Muni Market Has Worst July Since 2003, Veering From Typical Summer Pattern
US state and local government debt is on track to notch its weakest July in more than two decades, as rising benchmark Treasury yields and a flood of new issuance take a toll on what usually is one of the…
This article was originally published by
Bloomberg Markets
and is republished here under license.
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