Trends and Changes in the Municipal Bond Market as They Relate to Financing State and Local Public Infrastructure
PAD-83-46
Published: Sep 12, 1983. Publicly Released: Sep 12, 1983.
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Highlights
In response to a congressional request, GAO described the significant structural changes that have occurred in the municipal bond market since 1970, related them to the rise in interest rates, and analyzed the effects that higher interest rates have on the financing of State and local infrastructure.
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Topics
Economic analysisFinancial managementInterest ratesIntergovernmental fiscal relationsLocal governmentsMunicipal bondsState programsTax exempt statusBond marketMortgage market