Outstanding Debt Hit Historic Heights in Fourth Quarter

Johnson, Matthew
March 2005
Bond Buyer;3/16/2005, Vol. 351 Issue 32091, p6
Trade Publication
Reports on the total amount of outstanding municipal debt according to the flow of funds data released by the U.S. Federal Reserve Board. Discovery that individual investors are by far the largest holders of municipal debt; Debt held by mutual funds generally owned by retail investors; Increase in bond sales amidst the rapidly rising short-term interest rates.


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