Based on a survey of member firms, SIFMA is predicting a decrease in fixed-income issuance of about 15% this year from the estimated $4 trillion issued in 2007. The group says corporate and municipal issuance will drop but stay high while sectors affected by risky mortgages will drop significantly. "While risks will remain, we forecast improvement beginning in mid-2008 as the operating environment improves and the current negative conditions have been fully factored into the markets," said Michael Decker, senior managing director of research at SIFMA. Read the SIFMA press release for more details.
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