Top underwriters in 1H 2024 see minor shuffling

Bonds

Enjoy complimentary access to top ideas and insights — selected by our editors.

Municipal bond issuance jumped 37.2% in the first half of 2024, rising to $237.372 billion from $172.959 billion in the first half of 2023. The increased par amount was achieved in 4,016 deals in 1H 2024, up from 3,536 in 1H 2023, according to LSEG data.

BofA Securities remained at the top of the list, with $36.647 billion, accounting for 15.4% of the market. Raymond James was the sole new entrant in the Top 10, knocking out Citi — which formally exited the muni market by the end of Q1 2024.

Articles You May Like

California tax and bond measures achieved record approval rates
We’re buying the recent dips on 2 stocks in the most oversold market in over a year
Selling pressure weighs, pushing muni yields higher ahead of FOMC rates decision
Starboard sees an opportunity to create value at Riot Platforms amid growth in hyperscalers
New York MTA plans its borrowing for the new year