CUSIP request volume was mixed in November, with monthly increases logged by corporate issuers in the Americas, but declines in municipal and international markets.
U.S. corporate requests increased 12.6% in November from October. On a year-over-year basis, corporate CUSIP request volume was up 5.5% versus the same period last year. Municipal volumes declined during the month, with the aggregate total of identifier requests for new municipal securities – including municipal bonds, long-term and short-term notes, and commercial paper – decreasing 4.8% from October to November.
There were a total of 1,152 new municipal requests during the month. On a year-over-year basis, total municipal identifier request volume is down 12.7% through November, reflecting a significant slowdown in request volume in the first quarter of 2018.
Among top state issuers, CUSIPs for scheduled public finance offerings from Texas, New York, and California were the most active in November. International equity and debt CUSIP orders also decreased in November.
International equity CUSIP requests totaled 65, versus 104 in October. International debt CUSIP demand saw a total of 299 new requests made in November, versus 370 in October. Year-over-year international CUSIP request volume for all international securities was up 1.1% through November 2018.
Private placement CUSIP orders also decreased in November, with a total of 295 new orders processed, down from 329 requests in October. Please continue to find the latest details and analysis on CUSIP activity for 2018 at www.cusip.com
