Bond counsel in the first quarter of 2024 handled a combined $98.894 billion across 1,580 bond issues, up from $74.397 billion in 1,387 transactions this time last year.
The top 10 bond counsel saw some shuffling and welcomed two new entrants. The newcomers, Locke Lord and Ballard Spahr, knocked Bracewell and Quarles & Brady out of the top 10.
The debt was approved for Greensboro and Raleigh.
"While we acknowledge that the market tone is weaker [Monday], we are generally constructive regarding valuations and expect this week's supply to be absorbed fairly well after last week's giveback of the richening witnessed over prior weeks," said Vikram Rai, head of municipal markets strategy at Wells Fargo.
The latest round of criticism sounds the alarm bells for closer examination and further exemptions for certain trades and certain broker dealers.
A strong tax collection season combined with compromise to seal the deal in a special session.
Recipients included Marjorie Henning, retired deputy comptroller for public finance for the New York City Comptroller's office; Albert Simons, retired partner at Orrick, Herrington & Sutcliffe; and New York City Budget Director Jacques Jiha.
"The industry is built on relationships, and it's powered by technology," said Josh Rosenblum, head of algorithmic trading at Brownstone.
