The rising costs of federal debt, an impending budget showdown, and Congressional turmoil is highlighting the complex relationship between Treasury securities and municipal bonds.

Management is hiring a municipal advisor to evaluate its financial strategy.

The top five bond financings totaled more than $6 billion.

The top 10 saw some movements in 2024, with Greenberg Traurig and Chapman and Culter entering the top 10, while Gilmore & Bell and Bracewell were bumped to the top 15.

The top five bond financings came in above $7 billion.

Fieldman, Rolapp & Co. has acquired Orem, Utah-based municipal advisor G.L. Hicks, a healthcare finance specialist.

The muni market saw a record $507.585 billion of debt issued in 2024, up 31.8% from $385.061 billion in 2023, according to LSEG data. 

The top 10 advisors accounted for $249.421 billion of par or 59.3% of the total issuance with municipal advisors.

New York boasts four of the top 10 issuers, followed by California with two and one a piece for Florida, Massachusetts, Washington and New Jersey.

Lawsuits surrounding everything from unethical sponsorships to the sale of refunding bonds swept across markets last year, creating a municipal battleground.

Pressing issues like the shifts in banking teams at various firms following Citi's exit from the business to major ratings changes make the ranking.

In his letter of resignation, Federal Reserve Vice Chair for Supervision Michael Barr said an attempt by the Trump White House to remove him could create a "distraction" for the Fed. He plans to retain his seat on the Board of Governors, which expires in 2032.

Pressing issues include market reactions to a second Trump administration, increased oversight from the Securities and Exchange Commission and more.

The top five bond financings came in above $5 billion.

Issuance of housing bonds for the first half of the year was at $22.243 billion in 357 issues, up 31.7% from 1H 2023's figure of $16.891 billion in 381 issues.

The top 10 underwriters for healthcare issuance accounted for $20.056 billion in the first half of 2024.

The top 10 financial advisors for housing deals accounted for $12.595 billion in the first half of 2024.