LONG-TERM BONDS FIRST HALF | 2012 Volume in millions | Number of issues | 2011 Volume in millions | Number of issues | Change from prior period |
---|---|---|---|---|---|
TOTAL | $192,868.9 | 6,888 | $117,007.8 | 4,859 | +64.8 |
January | 17,199.7 | 715 | 12,444.8 | 499 | +38.2 |
February | 26,743.6 | 1,036 | 16,535.1 | 589 | +61.7 |
March | 34,710.6 | 1,250 | 18,910.7 | 849 | +83.6 |
April | 34,173.4 | 1,209 | 15,756.2 | 743 | +116.9 |
May | 37,229.2 | 1,468 | 21,391.1 | 985 | +74.0 |
June | 42,812.5 | 1,210 | 31,970.0 | 1,194 | +33.9 |
First Quarter | 78,653.8 | 3,001 | 47,890.6 | 1,937 | +64.2 |
Second Quarter | 114,215.1 | 3,887 | 69,117.3 | 2,922 | +65.2 |
Development | 4,009.3 | 99 | 3,715.9 | 159 | +7.9 |
Education | 50,240.1 | 2,898 | 35,091.0 | 2,038 | +43.2 |
Electric Power | 7,634.4 | 106 | 5,225.4 | 98 | +46.1 |
Environmental Facilities | 1,262.2 | 30 | 699.6 | 23 | +80.4 |
Health Care | 15,825.9 | 223 | 11,406.2 | 180 | +38.7 |
Housing | 4,183.6 | 133 | 3,072.8 | 125 | +36.1 |
Public Facilities | 6,228.6 | 263 | 2,079.3 | 215 | +199.6 |
Transportation | 22,623.0 | 242 | 13,596.9 | 202 | +66.4 |
Utilities | 24,934.0 | 989 | 11,657.7 | 568 | +113.9 |
General Purpose | 55,927.8 | 1,905 | 30,463.1 | 1,251 | +83.6 |
Tax-Exempt | 175,909.5 | 6,292 | 98,034.6 | 4,249 | +79.4 |
Taxable | 12,462.9 | 537 | 15,859.0 | 566 | -21.4 |
Minimum-Tax | 4,496.5 | 59 | 3,114.2 | 44 | +44.4 |
New-Money | 69,174.4 | 2,861 | 62,373.7 | 2,924 | +10.9 |
Refunding | 86,044.1 | 3,440 | 35,075.0 | 1,495 | +145.3 |
Combined | 37,650.4 | 587 | 19,559.2 | 440 | +92.5 |
Negotiated | 151,766.9 | 4,436 | 87,139.1 | 3,006 | +74.2 |
Competitive | 39,933.8 | 2,339 | 26,292.6 | 1,651 | +51.9 |
Private Placements | 1,168.3 | 113 | 3,576.1 | 202 | -67.3 |
Revenue | 114,284.3 | 2,229 | 71,567.8 | 1,686 | +59.7 |
General Obligation | 78,584.7 | 4,659 | 45,440.0 | 3,173 | +72.9 |
Fixed-Rate | 181,930.5 | 6,708 | 103,120.6 | 4,650 | +76.4 |
Variable-Rate (Short Put) | 5,428.1 | 93 | 5,187.7 | 104 | +4.6 |
Variable-Rate (Long/No Put) | 890.5 | 19 | 1,651.4 | 27 | -46.1 |
Zero-Coupon | 816.9 | 188 | 793.4 | 182 | +3.0 |
Linked-Rate | 3,502.1 | 40 | 5,774.1 | 45 | -39.3 |
Auction-Rate | 0.0 | 0 | 0.0 | 0 | n.m. |
Convertible | 300.8 | 19 | 480.6 | 35 | -37.4 |
Bond Insurance | 7,719.6 | 699 | 6,401.7 | 544 | +20.6 |
Letters of Credit | 3,728.8 | 64 | 3,230.2 | 64 | +15.4 |
Standby Purchase Agreements | 784.5 | 9 | 762.6 | 10 | +2.9 |
Insured Mortgages | 185.4 | 12 | 723.7 | 34 | -74.4 |
Guaranties | 14,300.0 | 949 | 8,868.5 | 529 | +61.2 |
Other Enhancements | 11.9 | 2 | 0.0 | 0 | n.m. |
State Governments | 23,654.2 | 120 | 14,799.6 | 80 | +59.8 |
State Agencies | 56,331.2 | 565 | 31,013.1 | 458 | +81.6 |
Counties & Parishes | 11,442.1 | 487 | 6,091.6 | 274 | +87.8 |
Cities & Towns | 31,519.7 | 2,056 | 17,520.9 | 1,432 | +79.9 |
Districts | 34,195.2 | 2,823 | 20,381.8 | 1,935 | +67.8 |
Local Authorities | 28,924.0 | 666 | 22,884.5 | 590 | +26.4 |
Colleges & Universities | 5,885.4 | 156 | 2,594.3 | 71 | +126.9 |
Direct Issuers | 834.8 | 12 | 1,654.2 | 16 | -49.5 |
Tribal Governments | 29.7 | 1 | 0.0 | 0 | n.m. |
Cooperative Utilities | 52.7 | 2 | 67.8 | 3 | -22.3 |
Bank-Qualified | 13,743.9 | 3,506 | 8,016.5 | 2,345 | +71.4 |
Build America Bonds | 0.0 | 0 | 300.0 | 1 | -100.0 |
Qualified Sch Construction | 556.0 | 35 | 2,128.5 | 191 | -73.9 |
Other Stimulus | 173.3 | 23 | 290.4 | 52 | -40.3 |
Key to Abbreviations: cpt – competitive; GOs – general obligation bonds; ref – refunding.
Source: Thomson Reuters (using data available as of July 14, 2012)