The decline in monthly municipal bond volume accelerated in August, with new issues plunging 56%, to $11.29 billion from $25.51 billion in August 1993, according to figures obtained from Securities Data Co. 's data base.

Through the first eight months of 1994, municipal bond volume is down 42%, to $116.71 billion from $199.41 billion in the year-ago period.

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.