Inflation Slows, Voters Support Munis; BAM Weekly Update, 11/10/22
Channel: Build America Mutual (BAM)
Date: 2022-11-14

Bonds rallied sharply after the October Consumer Price Index showed inflation slowing to a 7.7% annual pace ... just in time for a robust calendar of almost $10 billion of new-issue municipal bond sales in the coming week. More than $65 billion of bond proposals went before voters in the November 8th general election, and preliminary results showed widespread support from voters for new infrastructure investments.

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