Total Outstanding Debt Breaks $2 Trillion at 3rd Quarter's End

Johnson, Matthew
December 2004
Bond Buyer;12/17/2004, Vol. 350 Issue 32032, p1
Trade Publication
This article reports that according to the flow of funds data recently released by the Federal Reserve System of the U.S., the total amount of outstanding municipal debt broke the $2 trillion threshold for the first time at the end of the third quarter as bond sales continued to increase despite rising interest rates. Over the last four years the market has shown tremendous growth beginning in 2001 when the amount of municipal debt outstanding expanded 8.29% to $1.6 trillion, compared to a 1.6% increase in 2000.


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