January 2, 2018 / 9:11 PM / 17 days ago

U.S. municipal bond supply dips to $410 bln in 2017

CHICAGO, Jan 2 (Reuters) - U.S. states, cities, schools and other issuers in the municipal market sold $410 billion of debt in 2017, a 3.2 percent decline from 2016, according to Thomson Reuters data on Tuesday.

Bank of America Merrill Lynch was the top underwriter of municipal bonds last year, while California was the biggest issuer with $8.87 billion of debt sold. (Reporting By Karen Pierog; Editing by Tom Brown)

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