Issuers are pricng deals at a record pace through the first three months of the year, as top issuers have accounted for $102.132 billion in Q1 of 2021. At this time last year, they had a total of $87.920 billion.
Muni issuers in the Empire State accounted for spots two, three, five and six and issuers from the Golden State landed in first and fourth.
There were seven new faces cracking the top 10 in the first quarter of 2021, six of which were not ranked at this time last year.
Longtime firm members Elaine Brennan and Charles Stavitsky hope to maintain continuity after their promotions.
The prepaid electricity bond deal issued by the California Community Choice Financing Authority for the Clean Power Allliance was record-setting in size.
High-yield funds saw $608.9 million of inflows compared with inflows of $150.3 million the week prior.
"Volatility creates all kinds of opportunities in the municipal space, not just for tax-loss harvesting, but for positioning and parts of the yield curve that might be undervalued or certain sectors or states that are poised to perform well going into yearend," said Tim McGregor, a managing partner at Riverbend Capital Advisors.
AI champ Nvidia and three other tech companies are driving a stock market surge resulting in California revenues coming out $7 billion above expectations set when the 2024-25 budget was approved in July.
The Republicans are using "magic math" to disguise the cost of extending the TCJA, Sen. Elizabeth Warren said.
