Loop’s Reynolds Sees 2025 Muni Sales Rising Up to $600 Billion

Loop Capitalfounder Jim Reynolds expects municipalities to sell as much as $600 billion of bonds this year. The market has already seen the biggest start to a year since at least a decade.

Long-term state and local government bond issuance may reach $550 billion to $600 billion in 2025, based on volume so far this year, the chief executive officer of Chicago-based Loop said during a Bond Dealers of America conference last week.

Reynolds’ forecast tops the average projection for this year of $524 billion by analysts Bloomberg polled in December, and if realized would surpass last year’s $495 ...