By Walter Grand in Economy —

U.S. municipal debt in 2021 grows at fastest pace in 5 years - Bloomberg

U.S. municipal debt in 2021 grows at fastest pace in 5 years - Bloomberg
Photo by RAHIM ABAS KIOBYA / Unsplash

Historically low interest rates and generous investor demand led to record sales in the $4 trillion municipal bond market in 2021. This led to a 4% increase in government debt.

Median debt per capita rose 4.6% to $984, still below the peak of $1036 in 2012.