Bond issuance to stay strong in 2002.

• Position: News Briefs - Forecast to reach $3.9 trillion in 2002 - Brief Article

According to The Bond Market Association, long-term bond issuance is projected to reach $3.9 trillion in 2002, a decrease of 13 percent from the record $4.5 trillion issued in 2001. Last year's historically low interest rates spurred a surge in new-issue activity, both for new projects and for the refinancing of higher-coupon debt. Although interest rates are expected to increase later in the year as the economy...