Optimism grows in bond insurance market as two majors boost deals
Optimism appears to be returning to the bond insurance market, with two of the three main players seeing an increase in business in the first half of the year. Although total deals by the three were down 8.5% year on year in the first half, Assured Guaranty said it had been the guarantor of more than half of all transactions and insured $7.01bn of par in 435 transactions in the muni bond market. National Public Guarantee also saw an increase in par insurance, up from $376m to $609m. By contrast, Build America Mutual saw its principal amount slide.

System unavailable at this time. Please try again later, or call a Fidelity Representative at 800-544-6666.