Municipal financial advisors saw $79.460 billion of business in 1,624 transactions in the first quarter of 2022, down from the $89.616 billion in 1,923 deals in 2021.
Kaufman Hall & Associates, Municipal Capital Markets Group and Montague DeRose & Associates moved up into the top 10.
There are nearly 30 new-issues over $100 million on tap across the credit spectrum, led by the week's largest negotiated deal from Harris County, Texas, with $950 million of toll road first lien revenue and refunding bonds. The competitive calendar ticks up with several high-grade names.
The number of rural hospitals in the red jumped by 7% in 2023. A Senate Finance Committee discussed aid to help them stay afloat.
Possible solutions include managed lanes, EV mileage fees, and higher registration fees.
The median time for issuers in all municipal bond sectors to produce audited financials rose nearly 10.5% from 2011 to 2022, according to a new report.
Municipal analysts have been tracking the challenges faced by home insurers in California and other states plagued with extreme weather events as a harbinger of credit risk.
"In terms of credit quality, high-yield funds proved resilient" while investment-grade funds saw outflows of $673 million, noted J.P. Morgan's Peter DeGroot in a market note.
