
Sarah Wynn covers securities and infrastructure for the Washington bureau.

Sarah Wynn covers securities and infrastructure for the Washington bureau.
Tax-exempt municipal yields rose substantially last week causing the MSRB to take a look at trade data, said John Bagley, MSRB chief market structure officer.
Hotels and restaurants are losing as much as 50% of their business in the District of Columbia due to the coronavirus.
As COVID-19 impacts the U.S. economy, muni market participants want to bring back tax-exempt advance refunding, raise the cap on bank-qualified debt, among others.
Congressional offices may decide to minimize or ban face-to-face meetings as virus concerns grow.
Richard Li, a pubic debt specialist for the city of Milwaukee, compared disclosing COVID-19 to disclosing a hurricane hitting localities on the Atlantic coast.
Sources say action on the SEC's proposed exemptive order has slowed, though it could garner attention at next week's conference.
Rep. Steve Stivers, R-Ohio, is looking to attach tax-exempt advance refunding to an appropriations bill or other suitable legislation.
The MSRB's annual fact book showed that trading volume dipped 14% year over year.
The longtime muni lobbyist is now BDA's vice president of policy and research, after having played a less formal role over the past year.
Walter told The Bond Buyer she has been hearing the same push for transparency since her start at the SEC.
The SEC said that the timeliness of disclosures is a “major challenge” in the secondary market for municipal securities.
The investigation had appeared likely to be tied to a fraud case involving the New York State Common Retirement Fund.
Analysts expect a drop in trade volume in at least the first two quarters of this year.
The American Securities Association sent a letter to the SEC regarding the regulator's proposed exemptive order for muni advisors, calling it an "ill-advised effort."
The bill would authorize a new grant program at the Department of Homeland Security to take action on cybersecurity at the state and local level.
SEC staff stayed consistent with its message that antifraud provisions apply to all public statements made by issuers.
The submission calculator received criticism from issuers and analysts with some saying it isn't ready for "prime time."
Some muni market members don’t see hope for an infrastructure bill passing in 2020, even though Trump called for it in his address.
Investors should be aware that a lower coupon rate could become illiquid if interest rates rise, the Municipal Securities Rulemaking Board said.
The almost $350 million in bonds would pay for upgrades to the track and proposes the city of Baltimore takes over ownership of Pimlico Race Course.