Municipal market groups have mixed views about a Municipal Securities Rulemaking Board proposal to require underwriters to file preliminary official statements on the EMMA system.
Views Diverge on MSRB Plan for POS'
FEB 11, 2013 4:27pm 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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