Survey: Interest Rates Will Rise, Long-Term Volume Will Drop

Johnson, Anastasija
December 2004
Bond Buyer;12/1/2004, Vol. 350 Issue 32020, p3
Trade Publication
This article reports on a survey conducted during the Second Annual Metro Finance Conference. According to the survey, New York public finance professionals expect interest rates to continue to rise in 2005, which will bring about a decline in long-term municipal bond issuance. Over 31 % of the survey participants saw indexing the income amount that "triggers" application of the AMT as a possible solution to the problem and 24.3% thought the Congress will pass a one-time increase in the "trigger amount." Only 18.1% expected legislators to repeal the AMT altogether, while the rest expected no changes in the next two years.


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