MS&B Member and Head of Our Public Finance Practice Group Was Recently Featured on Law.com in an Article Discussing The Government Bond Market in NJ 2021
Matthew Jessup, head of our public finance practice group, was recently featured in an article on law.com that discusses the government bond market in New Jersey in 2021.
According to data compiled by Refinitiv, an LSEG business, for the first half of 2021, there were 122 bonds issued in New Jersey worth a combined $6.15 billion. This is an 8% increase in bond issues and an 88% increase in par amount year over year.
In the article, Matt states that “the increase in volume is not surprising at all..." and the level of activity has resulted from interest rates that are “literally within a couple basis points of historic lows,” thus providing “a unique opportunity to borrow at rates never seen before."
MS&B has found itself with the largest market share (35.9%) and the highest number of bond issues handled among 18 firms on the list created by Refinitiv. Click here to learn more about our firm: https://www.msbnj.com/