The Bond Buyer: Experts don’t expect banks’ collapse to spur bond refunding
03/16/2023
A pause in rates wouldn't be enough to spur refundings, agreed Tom Kozlik, head of public policy and municipal strategy at Hilltop Securities Inc. "Interest rates would need to fall hundreds of basis points to create a meaningful level of primary market refunding activity," he said. Recent events haven't changed Kozlik's forecast.