Municipal market participants are split over whether a proposal to tighten oversight of retail-order periods should specifically define types of orders that qualify as "retail."
Market Groups Split Over MSRB Retail Order Proposal
NOV 5, 2012 2:43pm ET
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A recent phenomenon is the emergence of bonds with shorter call protection as funding alternatives for municipalities. However, the shorter call protection also dampens the potential upside for investors, which in turn reduces the price they are willing to pay.
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