Municipal-bond bankers in San Francisco are seeing a surge in activity, celebrating a record pace of new state and local government bond sales this year. Despite concerns surrounding the industry and the recent departure of Citigroup Inc., the bankers are focused on the influx of deals they have secured.
The current environment has proven favorable for municipal financing, with numerous opportunities arising as governments seek to raise capital. This positive momentum highlights the resilience of the municipal bond market, as bankers remain optimistic about future transactions and the overall health of the sector.