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The Bond Buyer: With uncertainty over rates, recession fears, 2023 issuance expectations coming in mixed
12/12/2022
On the lower end, Tom Kozlik, managing director head of municipal research & analytics at HilltopSecurities, said neither economic growth, higher taxes or fees, nor a favorable interest rate environment "are trending in a direction that would support even a neutral level, much less an increased amount of issuance for 2023 compared to 2022."