Spots number one, seven and nine were the only firms that stayed put in the top municpal bond counsel rankings and there were three newcomers to the top 10.
The top bond counsels combined for a total of $103.707 billion in 2,674 transactions in the first quarter of 2021, up from the $87.762 billion in 2,108 deals in the first quarter of 2020.
As headline risk swirls around the Fed and the transition to the Trump administration, municipals have largely stayed in their own lane. November finds the municipal market "in far better technical shape, with an attractive backdrop through at least year-end," J.P. Morgan's Peter DeGroot said.
The outlook change to negative comes in the wake of voter approval on Nov. 5 of a ballot measure requiring certain public safety spending by the city.
The Aloha State received three rating affirmations as it prepares to sell $750 million of taxable general obligation bonds.
A bond-financed rehab of the downtown sports arena is receiving pushback.
The Chicago City Council delivered a strong rebuke of Mayor Brandon Johnson's fiscal 2025 budget on Thursday, rejecting a $300 million property tax increase.
The announcement of $3.4 billion in grants for rail, roads and clean-energy efforts comes on the third anniversary of Biden's signature legislation.
