Municipal bond sales faltered in November's chilly market conditions, but still remained well above 1992 levels for the year, according to data extracted by The Bond Buyer from Securities Data Co.'s data base.

Rising interest rates and uncertainty about the U.S. economy pushed issuers away from the municipal market last month, reducing November's volume to $16.35 billion. That was 27% less than October's revised total of $22.46 billion, 3% less than the $16.84 billion figure for November 1992, and the lowest total for any month since February 1992.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.