BDA

The bonds would include a subsidy rate of 28% and would be exempt from sequestration.

His departure comes as lawmakers are working quickly to put together an infrastructure bill, with hopes of including key municipal bond provisions.

Among over 1,200 dealers registered with the MSRB, 21 firms are bank dealers who would be impacted by the change.

Reinstating certain municipal bond provisions would make way for more infrastructure investment.

The use of alternative trading systems is growing, accounting for 21% of all trades in 2020.

From the return of advanced refundings to a direct-pay bond option, Michael Decker and Brett Bolton highlight the work the Bond Dealers of America are focused on in 2021, and the challenges and ultimate resilience of the municipal market since the onslaught of COVID. Lynne Funk and Kyle Glazier host. (30 minutes)

Dealer groups say changes to FINRA rules should be cohesive with municipal rules.

Much of the material being retired dates back more than 35 years.

Dealers say increased focus on systemic pennying has decreased its activity, while others aren't so sure.

The reduction would be the largest the MSRB has done, substantially more than a previous one which caused a loss of $5.2 million.