Under Ten Percent (10%) of the "municipal bond market" insures municipal debt with Bond Insurance. See Jeremy R. Cooke, "Arizona, Chicago Bond Sales Show Insurance Demand Persists" (Bloomberg.com, Thursday, January 14, 2010).
It is reported that recent "municipal debt sales" by "Arizona" and the City of Chicago reflect a "demand" for Bond Insurance, however. Id.
Previous posts in this space document much of the history and fall of Bond Insurance Companies, before, during, and after the Great Recession through which we are now living.
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