Interest rate volatility and the Trump administration have municipal market professionals worried that funding goals won't be met.

The first part of exclusive research from The Bond Buyer finds that most industry optimists say funding needs will be met sometime after 2035.

The top five featured in the ranking handled deals totalling more than $84 billion in par value.

The top suite of firms oversaw deals amounting to more than $139 billion par value across 58% of the market.

The top 10 underwriters for the first half of the year brought in more than $203 billion across nearly 2,000 issues.

The top issuers for the first half of 2025 put out a combined 89 issuances amounting to more than $39 billion in par value.

The top five May bond financings totaled more than $5 billion.

Texas Capital joined the ranks of firms like Crews & Associates adding public finance talent, while SIFMA and Arteria AI partnered on a new platform in May.

In April, WisdomTree launched two new exchange-traded funds, Nuveen debuted a high-income separately-managed account product and more.

The top five April bond financings totaled more than $8 billion.