![](https://arizent.brightspotcdn.com/dims4/default/c9d3f7b/2147483647/strip/true/crop/4800x2700+0+0/resize/978x550!/quality/90/?url=https%3A%2F%2Fsource-media-brightspot.s3.us-east-1.amazonaws.com%2F2d%2F59%2F67957cf7415b8e8f8bf20124ddf8%2Fbb-underwriter-1h-top-5.jpeg)
The top municipal underwriters accounted for $199.247 billion in 4,650 issues in the first half of 2022, down from the $222.640 billion in 6,201 transactions during last year’s first half.
BofA Securities remained in the top spot — underwriting $24.528 billion of deals — despite accounting for considerably fewer transactions and market share than the first half of 2021.
Minor shuffling among the top municipal underwriters characterized the year-over-year differences, with Jefferies being the only newcomer to the top 10, replacing Robert W Baird & Co., which fell to 13th.