Rising yields stall more municipal bond deals
In short
More municipal bond deals are being delayed because yields have risen sharply. Mint Markets says state and local borrowers are waiting for better conditions, and yields are now at the highest level since at least 2011.
This matters because governments use muni deals to raise money. The report does not say how many deals are frozen or when the market may reopen.
What the reporting says
More municipal bond deals are being put on ice as state and local borrowers wait for better conditions, according to a Mint Markets summary. The report says yields have surged to the highest level since at least 2011, which is discouraging issuance. It does not say how many deals are delayed or when borrowing may resume.
Why it matters
A Mint Markets summary says rising yields are causing more municipal bond deals to be delayed, with state and local borrowers waiting for better financing conditions. Yields are said to be at the highest since at least 2011. The report does not give deal counts or financing volumes, so the scale of the slowdown is unclear.