 The MSRB recently released a short video that tells the story of the organization and explains the MSRB’s role
in the $3.7 trillion municipal securities market.
The Municipal Bond Market and the MSRB
explains the municipal finance market and how the
MSRB was created by Congress to protect investors and state and local
governments and other municipal entities.
The video is the first in a series of educational videos the MSRB
plans to make available as part of its digital strategy to promote
municipal market education. The MSRB will soon make available a video series for investors about what they should expect from their financial professionals.
MSRB Publishes First Quarter 2013 Municipal
Market Statistics
The MSRB recently released municipal market statistics for the first quarter of 2013,
including data that provide details about the trading patterns and
continuing disclosure documents submitted to the MSRB and other statistics for the $3.7 trillion municipal bond market.
The MSRB’s quarterly statistical summaries
include aggregate market information for different types of municipal
issues and trades, and the number of interest rate resets for variable
rate demand obligations and auction rate securities. The data also
include statistics pertaining to continuing disclosure documents
received through the MSRB’s Electronic Municipal Market Access (EMMA®) website.
Continuing Disclosure Submissions Continue
Steady Increase
Since July 2009, the MSRB has been the official electronic
repository for municipal disclosures in the United States and has received more than 500,000 documents through the first quarter of 2013. The number of documents
received in the first quarter of 2013 increased to 43,520, up 11 percent from
the 39,175 during the same period last year. During the
first quarter, financial disclosures accounted for nearly 60 percent of all
disclosures and event disclosures accounted for the remainder. Bond
calls and audited financial statements, or CAFR, disclosures accounted for most
of the documents submitted in the first quarter of 2013, with 24 percent each.
The MSRB will soon publish a more comprehensive report with
analysis on trends and types of continuing disclosure submissions reported
since July 2009.
For more information or other statistics on municipal
trading activity, continuing disclosures or variable rate resets, visit the MSRB’s EMMA website.
MSRB Reminds Investors, Market Professionals to Assess Terms of Build America Bonds and other Direct-Pay Bonds in Light of Federal Sequester (June 12, 2013)
MSRB's Revised Telemarketing Rule Approved (May 29, 2013) |
