All municipal bond insurers wrapped $18.306 billion in the first half of 2022, a decrease from the $20.842 billion of deals done in the first six months of 2021, according to Refinitiv data. The figures align with the overall decrease in issuance so far in 2022.
The two most active bond insurers — Assured Guaranty and Build America Mutual — accounted for $17.132 billion of deals in the first two quarters compared to $18.794 deals over the same period in 2021.
The industry par amount was achieved in 833 deals versus 1,174 deals the same time in the year before.
This article was originally published by Bondbuyer.com. Read the original article here.