US Municipal Issuance Survey 2010

Respondents to the SIFMA 2010 Municipal Issuance Survey1 forecast total municipal issuance, combining both taxable and tax-exempt in aggregate, will increase by 14 percent in 2010. Due to the introduction of several new taxable bonds in 2009, such as Build America Bonds (BABs), taxable issuance is expected to jump by 45 percent in 2010. Although very few tax credit bonds were issued, or are expected to be issued, in 2009, survey respondents anticipate a significant rise in tax credit municipal issuance, particularly for tax credit BABs.

Concerns about the economy and the federal deficit, inflation and the expected extension of the Build America Bond program, featured prominently in the risks and assumptions of survey respondents for 2010, with interest rates expected to rise in mid-2010.

About the Report

A survey on muncipal issuance for 2010.

Credits

SIFMA Capital Markets – Municipal

  • Managing Director, Assistance General Counsel Co-Head: Leslie Norwood
  • Managing Director, Co-Head: Michael Decker
  • Managing Director, Associate General Counsel: Leon J. Bijou

SIFMA Research

  • Managing Director, Director of Research: Kyle Brandon
  • Research Analyst: Sharon Sung

SIFMA Surveys

  • Bernard Reichert
  • Nancy Cosentino