U.S. municipalities are set for another massive infusion of cash from the $550 billion infrastructure package, leaving participants in the muni-bond market to assess the impact on the nation’s states and local governments.
In a nutshell, the analysis boils down to a couple big takeaways: It’s great for credit quality in the $4 trillion market. Bank of America Corp., for example, sees a “golden decade” of credit ahead. But on the other hand, all that cash may even suppress bond sales.
Munis Set for 'Golden Decade' of Credit With Infrastructure Aid - Bloomberg
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