The Latest: Municipal Strategy Report - December 2019
"Intrigue on Mount Moriah—Will Bonds Be Sacrificed in 2020?"
In this month's Municipal Strategy Report we discuss if 2020 is the year that bonds fail to earn the coupon as a casualty of current monetary policies to sustain the expansion.
Additionally, the MSR features:
- "Municipal Bond Volume Forecast for 2020", We estimate new issue volume of $450 billion for the coming year, about 12% above the anticipated volume for 2019 of around $400 billion.
- "Will PG&E Be Taken Over by the State or Local Governments?", an overview of the current bankruptcy proceedings of PG&E, including proposed state and local government interventions.
- "Muni Market Update", an overview of the dynamic in the muni market year-to-date."