Largest General Purpose Bonds
FIRST HALF
2012
Volume in millions
 
Number of issues
2011
Volume in millions
 
Number of issues
 
Change from prior period
TOTAL $55,927.8 1,905 $30,463.1 1,251 +83.6
First Quarter 23,170.8 799 15,994.7 470 +44.9
Second Quarter 32,756.9 1,106 14,468.4 781 +126.4
General Purpose 55,646.6 1,904 30,442.8 1,250 +82.8
Agriculture 281.1 1 0.0 0 n.m.
Houses of Worship 0.0 0 0.0 0 n.m.
Veterans 0.0 0 20.3 1 –100.0
Tax-Exempt 51,288.7 1,736 23,943.1 1,155 +114.2
Taxable 4,622.1 166 6,520.1 96 –29.1
Minimum-Tax 16.9 3 0.0 0 n.m.
New-Money 19,404.3 817 18,801.4 714 +3.2
Refunding 25,683.8 903 7,281.8 398 +252.7
Combined 10,839.7 185 4,380.0 139 +147.5
Negotiated 40,270.7 1,034 19,081.9 632 +111.0
Competitive 15,407.7 845 10,940.7 574 +40.8
Private Placements 249.4 26 440.5 45 –43.4
Revenue 16,674.6 272 8,776.3 183 +90.0
General Obligation 39,253.2 1,633 21,686.8 1,068 +81.0
Fixed-Rate 53,803.4 1,887 29,313.8 1,235 +83.5
Variable-Rate (Short Put) 1,261.9 11 66.5 4 +1797.6
Variable-Rate (Long/No Put) 47.4 1 0.0 0 n.m.
Zero-Coupon 15.9 5 0.1 2 +15800.0
Linked-Rate 771.9 5 1,082.7 12 –28.7
Auction-Rate 0.0 0 0.0 0 n.m.
Convertible 27.1 2 0.0 0 n.m.
Bond Insurance 1,838.1 144 1,672.7 136 +9.9
Letters of Credit 1,182.4 9 66.5 4 +1678.0
Standby Purchase Agreements 79.5 2 0.0 0 n.m.
Insured Mortgages 0.0 0 0.0 0 n.m.
Guaranties 341.9 21 62.4 11 +447.9
State Governments 18,150.5 68 11,711.2 45 +55.0
State Agencies 9,901.9 53 3,490.5 30 +183.7
Counties & Parishes 6,190.1 294 2,906.0 151 +113.0
Cities & Towns 17,547.9 1,354 8,395.9 930 +109.0
Districts 499.9 45 306.9 32 +62.9
Local Authorities 3,628.4 89 3,652.7 63 –0.7
Colleges & Universities 7.3 1 0.0 0 n.m.
Direct Issuers 1.7 1 0.0 0 n.m.
Tribal Governments 0.0 0 0.0 0 n.m.
Cooperative Utilities 0.0 0 0.0 0 n.m.
Bank-Qualified 3,780.3 983 2,421.2 721 +56.1
Build America Bonds 0.0 0 15,786.2 222 –100.0
Qualified Sch Construction 0.0 0 14.8 1 –100.0
Other Stimulus 0.4 1 41.7 7 –99.0


Key to Abbreviations: cpt – competitive; GOs – general obligation bonds; ref – refunding.
Source: Thomson Reuters (using data available as of July 14, 2012)

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