The Municipal Securities Rulemaking Board issued a report Tuesday summarizing the data it has collected on auction-rate securities and variable-rate demand obligations, as the Securities and Exchange Commission approved the board’s proposal to provide $10,000-per-year subscriptions for real-time data on such securities.

ARS and VRDOs constitute nearly 15% of the $2.8 trillion municipal securities market, the MSRB said in its report, which documents the collapse and decline of the two markets.

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