“There is no better time than now to issue long-term debt”

The municipal market is taking down new-issuance with ease while taxable bonds continue to be a growing portion of the calendar. With rates low and demand significantly outpacing supply, some see a market in uncharted territory.
“This is truly a golden age for our market,” said Dan Heckman, senior fixed-income strategist at U.S. Bank Wealth Management. “There is no better time than now to issue long-term debt, both in terms of the current rates and the out-of world-demand — it’s a perfect storm for munis right now.”
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Heckman added that the market has been and will continue to be under-supplied, even though he senses there will be an uptick in issuance at these new lower rates and yields, but it still won’t be enough.

(Read more: The Bond Buyer)