With the municipal underwriting landscape in flux due to low supply and record low yields, smaller investment banks are jumping into the muni bond underwriting business to get a piece of the action.

New York-based CastleOak Securities is the latest investment bank to try break into the muni market, most recently hiring Cathy Bell as co-head of municipal public finance to help lead the effort.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.