Continuing market concerns related to subprime mortgage woes are expected to reduce the overall annual issuance of fixed-income securities by 15% to $3.4 trillion in 2008, according to the Securities Industry and Financial Markets Association. "Issuance is expected to decline significantly in the sectors most affected by subprime mortgage deterioration, while both corporate and municipal issuance are projected to remain high relative to historic levels," said SIFMA, in a forecast based on a survey of its member firms. The association can be found online at http://www.sifma.org.
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