The MSRB said today it will change how it calculates bid-to-cover ratios for auction rate securities, one day after the chief executive officer of a Manhattan-based financial advisory firm urged reforms.
MSRB to Change ARS Data As Urged by Advisor
NOV 28, 2012 3:06pm 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.
the bond buyer conferences
May 1- 2, 2014Hyatt Regency, Baltimore, MD
The Roosevelt Hotel, New York, NY