LONG-TERM BONDS
FIRST HALF
2012
Volume in millions
 
Number of issues
2011
Volume in millions
 
Number of issues
 
Change from prior period
TOTAL $192,868.9 6,888 $117,007.8 4,859 +64.8
January 17,199.7 715 12,444.8 499 +38.2
February 26,743.6 1,036 16,535.1 589 +61.7
March 34,710.6 1,250 18,910.7 849 +83.6
April 34,173.4 1,209 15,756.2 743 +116.9
May 37,229.2 1,468 21,391.1 985 +74.0
June 42,812.5 1,210 31,970.0 1,194 +33.9
First Quarter 78,653.8 3,001 47,890.6 1,937 +64.2
Second Quarter 114,215.1 3,887 69,117.3 2,922 +65.2
Development 4,009.3 99 3,715.9 159 +7.9
Education 50,240.1 2,898 35,091.0 2,038 +43.2
Electric Power 7,634.4 106 5,225.4 98 +46.1
Environmental Facilities 1,262.2 30 699.6 23 +80.4
Health Care 15,825.9 223 11,406.2 180 +38.7
Housing 4,183.6 133 3,072.8 125 +36.1
Public Facilities 6,228.6 263 2,079.3 215 +199.6
Transportation 22,623.0 242 13,596.9 202 +66.4
Utilities 24,934.0 989 11,657.7 568 +113.9
General Purpose 55,927.8 1,905 30,463.1 1,251 +83.6
Tax-Exempt 175,909.5 6,292 98,034.6 4,249 +79.4
Taxable 12,462.9 537 15,859.0 566 -21.4
Minimum-Tax 4,496.5 59 3,114.2 44 +44.4
New-Money 69,174.4 2,861 62,373.7 2,924 +10.9
Refunding 86,044.1 3,440 35,075.0 1,495 +145.3
Combined 37,650.4 587 19,559.2 440 +92.5
Negotiated 151,766.9 4,436 87,139.1 3,006 +74.2
Competitive 39,933.8 2,339 26,292.6 1,651 +51.9
Private Placements 1,168.3 113 3,576.1 202 -67.3
Revenue 114,284.3 2,229 71,567.8 1,686 +59.7
General Obligation 78,584.7 4,659 45,440.0 3,173 +72.9
Fixed-Rate 181,930.5 6,708 103,120.6 4,650 +76.4
Variable-Rate (Short Put) 5,428.1 93 5,187.7 104 +4.6
Variable-Rate (Long/No Put) 890.5 19 1,651.4 27 -46.1
Zero-Coupon 816.9 188 793.4 182 +3.0
Linked-Rate 3,502.1 40 5,774.1 45 -39.3
Auction-Rate 0.0 0 0.0 0 n.m.
Convertible 300.8 19 480.6 35 -37.4
Bond Insurance 7,719.6 699 6,401.7 544 +20.6
Letters of Credit 3,728.8 64 3,230.2 64 +15.4
Standby Purchase Agreements 784.5 9 762.6 10 +2.9
Insured Mortgages 185.4 12 723.7 34 -74.4
Guaranties 14,300.0 949 8,868.5 529 +61.2
Other Enhancements 11.9 2 0.0 0 n.m.
State Governments 23,654.2 120 14,799.6 80 +59.8
State Agencies 56,331.2 565 31,013.1 458 +81.6
Counties & Parishes 11,442.1 487 6,091.6 274 +87.8
Cities & Towns 31,519.7 2,056 17,520.9 1,432 +79.9
Districts 34,195.2 2,823 20,381.8 1,935 +67.8
Local Authorities 28,924.0 666 22,884.5 590 +26.4
Colleges & Universities 5,885.4 156 2,594.3 71 +126.9
Direct Issuers 834.8 12 1,654.2 16 -49.5
Tribal Governments 29.7 1 0.0 0 n.m.
Cooperative Utilities 52.7 2 67.8 3 -22.3
Bank-Qualified 13,743.9 3,506 8,016.5 2,345 +71.4
Build America Bonds 0.0 0 300.0 1 -100.0
Qualified Sch Construction 556.0 35 2,128.5 191 -73.9
Other Stimulus 173.3 23 290.4 52 -40.3


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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