Muni Mega Deals Set to Smash Record on Lower Rates, Higher Costs

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States and municipalities are demonstrating an explosive demand for debt two years after the Fed first suppressed bond sales with a series of 11 interest rate increases.

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Muni Momentum Spurs Illinois to Speed Up $1.8 Billion Bond SaleIllinois took advantage of an improving credit grade to speed up an $1.8 billion debt sale, bolstered by investors’ hunger for yield amid a rally in the municipal market.
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