Jun 27, 2:00pm Any participant in municipals that has spent some quality time in the industry appreciates the importance of quality data as the backdrop for making real time critical decisions.
The municipal market appears to be shifting away from its traditional retail-dominated status, which has implications for regulatory policy that's largely aimed at protecting the retail investor.
Municipal bond volume dropped for a fourth straight month in May, falling 19.8% from a year earlier as new money deals failed to take up the slack from a plunge in refundings.
Municipal bond volume dropped 20.2% in April and finished under $30 billion for the third month in a row, as concerns about tax reform made issuers reluctant to hit the market.
Output at U.S. manufacturers fell in March by the most since August as production of automobiles and parts and business equipment declined, Federal Reserve data showed on Tuesday.
