Fired up by persistently low interest rates, new-issue municipal bond volume grew 42% through the first nine months of 1992, rising to $170.17 billion compared with $119.94 billion in the same period last year, according to preliminary figures compiled by Securities Data Co.

With municipal sales poised to break through the $207 billion record set in 1985, volume highs have already been set in issuing debt for education and transportation, and in refundings and general obligations.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

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