Top underwriters in Q1 2024 see some shuffling

Municipal issuance surged 31.7% in the first quarter of 2024, rising to $98.245 billion from $74.625 billion in the first quarter of 2023. The increased par amount was achieved in 1,607 deals in Q1 2024, up from 1,397 in Q1 2023.

BofA Securities remained at the top of the list, with $14.260 billion, accounting for 14.5% of the market. The top 10 saw some shuffling, but no new entrants cracked it.