Pre-Trade Market Activity in Municipal Securities Recent Developments
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MSRB’s new analysis, which reviewed quote data from three-month periods in 2021 and 2022, indicates that there was a substantial increase in the number
of quotes and trading activity on the…
Trading Patterns in the Municipal Securities Market
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MSRB analysis examines trading patterns in the municipal securities market, reviewing the fragmentation in the market and the depth and breadth of data available to market participants.
The MSRB Fact Book offers a free and comprehensive reference for historical trade statistics on a quarterly and yearly basis. The reports encompass information on nearly every trade reported to the MSRB by deal...
An MSRB report on how municipal securities trades tagged with a non-transaction-based-compensation (NTBC) indicator have changed since 2016, when the MSRB began requiring their reporting…
What Has Driven the Surge in Transaction Costs for Municipal Securities Investors Since 2022?
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MSRB research indicates a rise in customer transaction costs for municipal securities since early 2022 likely due to the steep decline in bond prices triggered by rising interest rates and market…
Detailed analysis of the municipal market detailing significantly higher interest rates, record outflows from tax-exempt mutual funds and a record number of trades.
Municipal Securities Market Trading Summary Last Updated: September 12, 2022
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Overall monthly market trading activity broken up by fixed and variable rate securities. Updated approximately one week after the end of each month.
Municipal Securities Market Trading Summary Last Updated: August 9, 2022
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Overall monthly market trading activity broken up by fixed and variable rate securities. Updated approximately one week after the end of each month.
Ownership since 2004 reveals a continuous decline in individual investor direct ownership of municipal securities while ownership through funds has steadily risen. Read the report.
Municipal Securities Market, Trade Activity 2007–2021
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Analysis of trading volumes in the securities market from 2007 to 2021 as well as identification of unique trading activity during periods of market disruption.
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