US 2004 bond supply seen healthy, but below '03-BMA - 2004-02-12
U.S. bond supply will stay healthy in 2004 but is likely to fall short of 2003's record $6.9 trillion, as low rates and modest inflation are likely to continue, while growth picks up, a report showed on Thursday.
The Bond Market Association said its Research Quarterly showed bond issuance last year outstripped the previous record set in 2002 of $5.4 trillion, aided in large part by a 39 percent rise in mortgage-backed securities to $3.2 trillion.
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