Muni Think

While the SEC's cybersecurity rule does not apply to municipal issuers, there are a few points discussed in the Adopting Release that may be useful for municipal market participants. 

The MSRB remains fully committed to its strategic goal of upholding public trust and looks forward to engaging with its stakeholders in the coming weeks.

With economic uncertainty ahead and the Federal Reserve potentially shifting to interest-rate cuts, analysts should take a closer look at individual issuers' financial disclosures.

There are a variety of reasons more finance officers aren't talking about potntially game-changing tax credits.

Most tax-exempt tenders saw low participation, which is good news to the taxpayers. The poorer the participation in the tender, the less is the waste from these premature refundings prior to the call date.

A call to action for the $4 trillion municipal bond market.

The current property insurance crisis in several states may dramatically shorten the climate risk horizon for municipal investors. The municipal market's relaxed attitude toward climate risk may be seriously challenged in the years ahead.

Brace for an unpredictable year in community finance, where a confluence of global turmoil, mandatory tech advancements, legislative implementation, and potential political upheaval collide with an already fragile insurance market.

Any treatment of municipal securities as posted collateral must carefully consider the potential impact on market liquidity, financing costs for municipalities, and the broader functioning of the municipal bond market.

Rising interest rates resulting in economic growth is counter-intuitive, counter-historical, and counter to conventional economic theory. Munis have been largely impacted.