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Transaction Costs for Customer Trades in the Municipal Bond Market: What is Driving the Decline?
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MSRB Chief Economist’s analysis of reasons for the steady decline in effective spread.

Build America bonds Issuance and Trade Activity, 2009
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Analysis of the primary and secondary markets for Build America Bonds (BABs).

Unregulated Municipal Market Participants A Case for Reform
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The report details the prevalence of financial advisors and other entities in municipal market transactions.