JPMorgan Grabs No. 1 Underwriter Spot Spurred by Debt Refinance

The surge in underwriting has carried over into this year. Companies, uncertain about whether politicians in Washington would make progress on resolving the fiscal stalemate later in 2013, moved their bond sales up to January, says John Hines, head of investment-grade syndicate at Wells Fargo & Co. (WFC) About $112 billion in investment-grade bonds were issued in January compared with $79 billion during the same month last year,