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Citi's exit comes amid the larger trend of broker-dealers downsizing balance sheets, which can hurt secondary market liquidity, particularly in times of stress. Other market players are coming into the fold.
March 21 -
The traditional tax exemption "does take some of the volatility out," said Mark Ritacco, chief government affairs officer for the National Association of Counties.
March 19 -
A 2017 issuance is in danger of losing its tax-exempt status.
February 9 -
A call to action for the $4 trillion municipal bond market.
February 6Bond Dealers of America -
It's the second try for the bill, which Sen. Dick Durbin, D-Ill., first introduced in 2021.
December 8 -
While some reliable options have emerged, market professionals remain hopeful the old advance refunding will return before the desire to bring it back loses any momentum.
November 1 -
With around 30% of bonds trading near the de minimis threshold, a new study takes a deep dive into how the rule drives illiquidity as mutual funds dump paper that's approaching the threshold.
September 7 -
The agency has already begun hiring new staff and preparing for an $80 billion dollar agencywide influx of funding.
November 4 -
Issuers should expect to see an increased presence of IRS agents as the service's Tax-Exempt Bond office completes a round of hiring and the IRS budget grows.
October 13 -
Partisan politics is playing a larger role in public finance, flaring up into bickering more often than in the past.
October 12