The top bond counsel firms combined for a total of $292.177 billion in 6,406 transactions during the first three quarters of the year, down from the $343,709 billion in 9,139 deals over the same period in 2021.
Only three firms remained in the same spot at this point last year: Orrick Herrington & Sutcliffe, Kutak Rock and Norton Rose Fulbright. Bryant Rabbino and Butler Snow entered the top 10, while Stradling Yocca Carlson & Rauth and Gilmore & Bell were bumped further down in the top 20.
Six Texas cities sued the state comptroller over a rule that altered where sales taxes would be collected on certain online purchases.
The battle over ESG investing is spreading in the Midwest, with the recent passage of an Ohio law and a decision by the Indiana Public Retirement System.
Analysts are unsure what the Federal Open Market Committee will do with monetary policy in 2025. The panel projects two rate cuts, but some analysts expect more, and others see fewer.
A new law and constitutional amendment will restrict how fast property tax bills can rise on homestead properties, impacting local governments.
In the remaining days of this year, "taxable rates continue to be pressured but munis are finding a stable, even supportive, bidside," said Kim Olsan, a senior fixed income portfolio manager at NewSquare Capital.
Moody's Ratings said the 2025 budget that passed Chicago's City Council this month won't materially alter the credit profile of the city, which it rates Baa3.
