Wall Street Muni Underwriters Poised for Record Year in 2020
- Pace of new muni-bond sales poised to surpass 2016 peak
- Refinancing wave a boon for BofA, Citigroup, JPMorgan
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Wall Street’s muni-bond underwriters are having a banner year.
Driven by waves of refinancing, state and local governments have already sold $424 billion of bonds this year, leaving the pace poised to easily exceed the previous peak of about $426 billion in 2016, according to data compiled by Bloomberg.