WASHINGTON - The Municipal Securities Rulemaking Board asked the Securities and Exchange Commission Tuesday to approve interpretive guidance that would require underwriters to disclose potential conflicts of interests to state and local government borrowers.
MSRB Seeks SEC Nod for Disclosure Conflict Guidance
Before the financial crisis of 2008-09, it would have been significant news if yields on municipal bonds had exceeded those on Treasury securities at any maturity, and that occurrence likely would have attracted a variety of investors seeking to take advantage of the relative-value opportunity.
the bond buyer conferences
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