Gabriel Rivera
InternGabriel Rivera, Intern, The Bond Buyer
Gabriel Rivera, Intern, The Bond Buyer
Most top 10 issuers for 1H are from New York and California, with four from New York and two from California.
Minor shuffling among the top municipal underwriters characterized the year-over-year differences, with Jefferies being the only newcomer to the top 10, replacing Robert W Baird & Co., which fell to 13th.
The $11-billion-plus calendar is the largest in eight weeks and includes two large high-grade issuers which may entice buyers into the market.
The three public finance professionals added to BondLink’s issuer relations team are part of the company’s ongoing initiative to help its network navigate a turbulent market.
Despite rising U.S. Treasuries, municipals are making gains and are in the black to start July.
The Spotlight Dealer Diversity Program, an initiative to highlight firms owned by women, veterans, people with disabilities and individuals of underrepresented racial and ethnic groups, aims to promote them in Tradeweb’s platforms.
A new-issue supply-focused buy-side had their sights on the $8 billion-plus flowing into the primary market this week, while municipal traders remained cautious, keeping an eye on bid-wanted lists in the secondary market.
The Investment Company Institute reported investors pulled $6.243 billion from muni bond mutual funds in the week ending June 15.
More firms are revising issuance projections downward due to lower refunding and taxable volumes. Many participants say it is unlikely the market will hit issuance records reached in 2021 and 2020.