Confirming its long-standing reign over the mortgage-backed securities market, Lehman Brothers Inc. has once again maintained its number one position atop the manager rankings league tables for MBS issuance, for both the entirety of 1999 and for fourth quarter 1999, according to statistics provided by Thomson Financial Securities Data.

With 174 issues and 13.9% of the market share, Lehman issued $41.376 billion worth of mortgage-backed debt in 1999, and more than $7.1 billion during the fourth quarter. Salomon Smith Barney also made a strong showing last year, with $34.514 billion and 11.6% of the market share during 1999. Merrill Lynch & Co. rounded out the year-to-date statistics, coming in third for mortgage-backed debt, with $30.731 billion for 1999 and 10.3% of the market share.

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