The market for municipal bonds has been improving, but a lack of new supply, which hit an...

|By:, SA News Editor

The market for municipal bonds has been improving, but a lack of new supply, which hit an 11-year quarterly low in Q1, prompts observers to caution that it's too early to size up whether the market could absorb any significant uptick in bond issuance. "It is a stable market, but it is not a recovered market," one fixed-income strategist says.