Municipal CUSIP Request Volumes Rise for Fourth Consecutive Month in May

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Summary

CUSIP Global Services released its May 2026 issuance trends report and showed mixed activity across asset classes. Municipal identifier requests rose 10.3% from April, marking a fourth straight monthly increase, while corporate requests declined 10.9% month over month. International equity and debt requests also increased sharply, suggesting stronger cross-border issuance activity. The report frames these volume changes as an early signal for debt and capital markets activity over the next quarter.

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