June 7, 2018 / 4:07 PM / 6 months ago

U.S. muni bond market slips to $3.843 trln in first quarter -Fed

NEW YORK, June 7 (Reuters) - The U.S. municipal bond market dipped to $3.843 trillion in the first quarter of 2018 from $3.863 trillion the previous quarter, according to a quarterly report from the Federal Reserve released on Thursday.

Households, or retail investors, held $1.640 trillion of debt sold by states, cities, schools and other muni issuers in the latest quarter, falling slightly from $1.641 trillion in the fourth quarter of 2017, the Fed report said. (Reporting by Laila Kearney)

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