Taxable Bonds FIRST HALF | 2012 Volume in millions | Number of issues | 2011 Volume in millions | Number of issues | Change from prior period |
---|---|---|---|---|---|
TOTAL | $12,462.9 | 537 | $15,859.0 | 566 | -21.4 |
First Quarter | 5,742.6 | 209 | 7,584.3 | 235 | -24.3 |
Second Quarter | 6,720.3 | 328 | 8,274.7 | 331 | -18.8 |
Development | 331.7 | 19 | 627.1 | 45 | -47.1 |
Education | 3,477.6 | 204 | 6,088.5 | 340 | -42.9 |
Electric Power | 1,232.5 | 20 | 823.4 | 16 | +49.7 |
Environmental Facilities | 29.1 | 1 | 0.0 | 0 | n.m. |
Health Care | 106.4 | 15 | 344.1 | 7 | -69.1 |
Housing | 423.7 | 25 | 236.3 | 17 | +79.3 |
Public Facilities | 238.1 | 20 | 98.6 | 9 | +141.5 |
Transportation | 769.6 | 15 | 858.1 | 17 | -10.3 |
Utilities | 1,232.1 | 52 | 262.8 | 19 | +368.8 |
General Purpose | 4,622.1 | 166 | 6,520.1 | 96 | -29.1 |
New-Money | 7,056.6 | 280 | 10,923.1 | 464 | -35.4 |
Refunding | 3,450.3 | 226 | 3,663.9 | 83 | -5.8 |
Combined | 1,956.1 | 31 | 1,272.0 | 19 | +53.8 |
Negotiated | 10,236.3 | 383 | 13,207.3 | 388 | -22.5 |
Competitive | 2,053.4 | 140 | 2,165.5 | 141 | -5.2 |
Private Placements | 173.2 | 14 | 486.2 | 37 | -64.4 |
Revenue | 8,251.5 | 223 | 7,976.0 | 234 | +3.5 |
General Obligation | 4,211.4 | 314 | 7,883.0 | 332 | -46.6 |
Fixed-Rate | 12,017.7 | 522 | 12,941.1 | 548 | -7.1 |
Variable-Rate (Short Put) | 90.2 | 7 | 601.8 | 8 | -85.0 |
Variable-Rate (Long/No Put) | 57.2 | 2 | 7.0 | 1 | +717.1 |
Zero-Coupon | 0.0 | 0 | 9.1 | 2 | -100.0 |
Linked-Rate | 297.8 | 6 | 2,300.0 | 8 | -87.1 |
Auction-Rate | 0.0 | 0 | 0.0 | 0 | n.m. |
Convertible | 0.0 | 0 | 0.0 | 0 | n.m. |
Bond Insurance | 236.8 | 23 | 643.9 | 36 | -63.2 |
Letters of Credit | 33.8 | 5 | 601.8 | 8 | -94.4 |
Standby Purchase Agreements | 17.0 | 1 | 0.0 | 0 | n.m. |
Insured Mortgages | 0.0 | 0 | 32.3 | 1 | -100.0 |
Guaranties | 524.6 | 35 | 2,382.8 | 86 | -78.0 |
State Governments | 1,378.3 | 19 | 4,378.1 | 12 | -68.5 |
State Agencies | 2,980.9 | 67 | 4,440.7 | 64 | -32.9 |
Counties & Parishes | 699.4 | 39 | 394.3 | 27 | +77.4 |
Cities & Towns | 2,720.9 | 165 | 1,167.6 | 87 | +133.0 |
Districts | 1,067.1 | 146 | 2,675.2 | 256 | -60.1 |
Local Authorities | 2,183.5 | 74 | 2,125.8 | 97 | +2.7 |
Colleges & Universities | 1,326.7 | 25 | 131.3 | 12 | +910.4 |
Direct Issuers | 106.3 | 2 | 532.8 | 10 | -80.0 |
Tribal Governments | 0.0 | 0 | 0.0 | 0 | n.m. |
Cooperative Utilities | 0.0 | 0 | 13.2 | 1 | -100.0 |
Bank-Qualified | 0.0 | 0 | 0.0 | 0 | n.m. |
Build America Bonds | 0.0 | 0 | 300.0 | 1 | -100.0 |
Qualified Sch Construction | 556.0 | 35 | 2,126.0 | 190 | -73.8 |
Other Stimulus | 148.1 | 19 | 247.1 | 47 | -40.1 |
Key to Abbreviations: cpt – competitive; GOs – general obligation bonds; ref – refunding.
Source: Thomson Reuters (using data available as of July 14, 2012)