Bonds

In 2021, the Dormitory Authority of the State of New York overtook the state of California for the top spot.

New York City, the New York Metropolitan Transportation Authority, the Ohio Buckeye Tobacco Financing Authority, the New York Urban Development Corp., New Jersey and Massachusetts were ousted from the top 10 in 2021. All the issuers except the Ohio Buckeye Tobacco Financing Authority found themselves in the top 20.

The top 10 features four New York and four California issuers.