US state and local government debt is on track to notch its weakest July in more than two decades, as rising benchmark Treasury yields and a flood of new issuance take a toll on what usually is one of the strongest months for the $4 trillion market.
US state and local government debt is on track to notch its weakest July in more than two decades, as rising benchmark Treasury yields and a flood of new issuance take a toll on what usually is one of the strongest months for the $4 trillion market.
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