U.S. muni bond market rises to $3.853 trln in second quarter -Fed

NEW YORK, Sept 20 (Reuters) - The size of the U.S. municipal bond market inched up to $3.853 trillion in the second quarter of 2018 compared to $3.851 in the first quarter, the Federal Reserve said in a report released on Thursday.

Households, or retail investors, held $1.625 trillion of debt sold by states, cities, schools and other muni issuers in the latest quarter, down from $1.631 trillion in the first quarter of 2018, the Fed report said. (Reporting by Laila Kearney)