Bond counsel in the first quarter of 2024 handled a combined $98.894 billion across 1,580 bond issues, up from $74.397 billion in 1,387 transactions this time last year.
The top 10 bond counsel saw some shuffling and welcomed two new entrants. The newcomers, Locke Lord and Ballard Spahr, knocked Bracewell and Quarles & Brady out of the top 10.
Source: LSEG
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.
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