Statistics reports

Issuers in the eight-state region sold $103.3 billion of bonds last year, with Texas deals accounting for $68.13 billion of the debt.

A state-by-state review of 2024 yearend issuance in the Northeast.

Record issuance spurred by infrastructure needs and election-related concerns.

The muni market produced $512.7 billion of debt issuance in 2024, up 33.1% from $385.1 billion in 2023, according to LSEG data. This surpasses the previous record of $484.6 billion in 2020 by almost $30 billion.

In total, municipal bond insurers wrapped $41.09 billion of debt in 2024, an increase from the $35.38 billion insured in 2023, according to LSEG data.

The 116% surge in healthcare bond sales from 2023 marked "a splash back from depressed issuance the few years prior," said Matt Fabian, partner at Municipal Market Analytics.

The number of transportation issues surged to 529 last year from 405 in 2023, according to LSEG data.

Most states and sectors in the region beat their 2023 issuance by wide margins in 2024. 

The 10 largest bond counsels of education issuance in the first half of 2024 accounted for $28.829 billion.

The top 10 saw some shifts again.

As the underwriter landscape changes, so does the competitive market.

A state-by-state review of 2024 midyear issuance in the Far West.

A state-by-state review of 2024 midyear issuance in the Southeast.

A state-by-state review of 2024 midyear issuance in the Midwest.

A state-by-state review of 2024 midyear issuance in the Southwest.

A state-by-state review of 2024 midyear issuance in the Northeast.

Pent-up demand, dwindling federal aid and lower interest rates led to a 32% increase in municipal issuance in the first half of 2024.

The top five bond financings have an average dollar volume of more than $1.2 billion.

Source: LSEG

BofA Securities led the underwriting of healthcare issuance in 2023, with $3.3549 billion in total.