Muni Bond News: 2022 Issuance Tumbles, Franklin Templeton Optimistic, BlackRock Confident in States

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  • 01 mins 43 secs
Total sale volume tumbled 21% in 2022 to around $384 billion, or almost $100 billion less than in 2021, The Bond Buyer reports. However, Franklin Templeton sees reasons for optimism in 2023, including strong fundamentals, prudent fiscal budgeting, a more positive technical environment, and a more stable yield environment. BlackRock also reports that states and local governments are well-positioned to absorb negative credit pressures from a recession.
Channel: Municipal Bonds
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