JPMorgan Ranks No. 1 in Bond Fees as Low Rates Spur Refinancing

Spurred by declining interest rates, banks in 2010 capped off the biggest two-year bond sale binge on record. Corporate bond sales of $2.8 trillion were the second largest on record behind 2009’s $3.1 trillion.

Corporate and sovereign bond deals around the world generated a total of $14.9 billion in fees for bankers, down from $15.5 billion in 2009, according to data compiled for Bloomberg Markets magazine’s seventh annual ranking of the best-paid investment banks.