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A fresh corporate bond supply and robust oil prices also encouraged selling.
An investor in the United States who avoids foreign bonds ignores 65 percent of the world's bond supply, Pimco said.
Issuers will now have to return to the traditional tax-exempt market to raise capital, increasing municipal bond supply.
It helps tailor bond supply to demand.Even so, success for riskier borrowers has come at a price.
This would add to Asia's bond supply that, paradoxically, has been limited by Asia's high public and private savings rates.
Then came the tax-bill compromise engineered by President Obama, which is conspicuous for two exclusions that are expected to affect municipal bond supply and demand next year and beyond.
Similar(52)
The sole issue, then, becomes whether the agreement exacted from the developers and the conditional bond supplied provide for a penalty or for liquidated damages.
The extent of broken P-O bonds in POCl3 during OLP synthesis was calculated using an implicit equation that reduced the overall 97% oxygen-18 enrichment by an amount equal to the extent of broken bonds supplying additional oxygen-16.
The affair came to light when the manager of Bond Plumbing Supply made public his questions about the school district's need for such items as a $536 gold-trimmed bidet.
Bond sees supply flights of arms and equipment coming into the country, all funded by billionaire Hulbert Linck; the aeroplanes all show the AfriKIN name on the fuselage.
The holdings of most exchange-traded funds closely replicate stock or bond indexes, supplying the diversification essential to portfolio well-being.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com