WASHINGTON -- The total dollar amount of municipal bonds that went into default or technical default jumped to $4.6 billion in 1991, from $1.9 billion in 1990, the Bond investors Association plans to report next week.

The $4.6 billion figure is equal to about 2.7% of the $170.4 billion in long-term volume estimated for 1991, whereas $1.9 billion equals 1.5% of the $127.9 billion issued in 1990.

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.