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The top three financial advisors have remained the same over the past several quarters: PFM in first, PRAG in second and HilltopSecurities in third.

With the latest injunction in favor of Revolution Wind, the Trump administration's war on alternative energy is seeming more and more quixotic.

Moody's Ratings warned some states face credit risk after the Trump administration froze $10 billion of funding to five blue states.

Moody's Ratings downgraded Fridley Independent School District three notches, to Ba3 from Baa3, and placed its bond ratings under review for downgrade.

"The bond market breathed a sigh of relief this morning as the CPI inflation numbers came in a tad weaker than expected," said John Kerschner, global head of securitised products and portfolio manager at Janus Henderson Investors.

"BNY is pleased to have resolved this matter," a BNY spokesperson said.

The "Making the American Dream Affordable Again" roadmap makes no mention of tax-exempt bonds.

The rating agency lifted the state's general obligation and other ratings by a notch, citing well-established and prudent governance practices.

Maryland is currently battling federal job losses and string of financial challenges but is starting the new year with a new triple-A rating on its general obligation bonds complete with a stable outlook.

Overall, the top underwriters saw minor shuffling last year, and no new firms entered the top 10.