Citi and Bank of America Merrill Lynch continue to vie for the top underwriting position in the municipal bond industry, according to mid-year rankings from Thomson Reuters.

Citi — the top-ranked underwriter for each year of the past decade — maintained the top spot from January to June 2010 as it ran the books on 217 deals worth $29.24 billion to garner a 14.4% share of the market.

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