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Contact:             Jennifer A. Galloway, Chief Communications Officer
                         (703) 797-6600
                         jgalloway@msrb.org

 

 

MUNICIPAL SECURITIES RULEMAKING BOARD PUBLISHES
2009 MUNICIPAL BOND FACT BOOK 

Alexandria, VA – The Municipal Securities Rulemaking Board (MSRB) today released its 2009 Fact Book, an annual sourcebook that analyzes trading data and statistics for the $2.8 trillion municipal bond market.  The Fact Book includes analysis on nearly every trade reported to the MSRB by municipal securities dealers in the last five years and provides key municipal market statistics unavailable elsewhere. 

This year’s Fact Book includes for the first time interest rate resets information and trading statistics for auction rate securities and variable rate demand obligations.  The MSRB began collecting this data in 2009. Also new to this year’s Fact Book  are lists of the most actively traded municipal securities  and trading volume for newly issued securities.

The MSRB, which regulates municipal securities dealers, collects and disseminates official data about the municipal securities market as part of its mission to protect and educate investors. The MSRB makes municipal trade data available free of charge on its Electronic Municipal Market Access (EMMA) website. Daily and historical summaries of trade data based on security type, size, sector, maturity, source of repayment and coupon type are housed in EMMA’s Market Statistics section. An electronic version of the MSRB 2009 Fact Book also is available free of charge on EMMA and at www.msrb.org. 

The MSRB’s market information transparency programs promote transparency and access to real-time, municipal market bond information.  EMMA makes this information available to the public for free.  Investors have access to hundreds of thousands of municipal bond offering documents, ongoing disclosures about bonds and transaction prices, as well as educational resources about the municipal bond market.

The Municipal Securities Rulemaking Board (MSRB) protects and strengthens the municipal bond market, enabling access to capital, economic growth, and societal progress in tens of thousands of communities across the country. MSRB fulfills this mission by creating trust in our market through informed regulation of dealers and municipal advisors that protects investors, issuers and the public interest; building technology systems that power our market and provide transparency for issuers, institutions, and the investing public; and serving as the steward of market data that empowers better decisions and fuels innovation for the future. MSRB is a self-regulatory organization governed by a board of directors that has a majority of public members, in addition to representatives of regulated entities. MSRB is overseen by the Securities and Exchange Commission and Congress.

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