As part of its ongoing Infrastructure in America: Munis Since 1812 initiative to highlight bond-financed infrastructure, the MBFA is featuring a recent school bond issuance that helped finance substantial improvements in the rapidly growing Ashland-Greenwood Nebraska School district. The issuance was underwritten by member firm D.A. Davidson. Click the image below to learn more about…
Author: Bond Dealers of America
BDA Files Letter on FINRA Margin Rule
Continuing to provide lead advocacy, BDA today filed a comment letter on a FINRA proposal to amend FINRA Rule 4210 to apply to trades in when-issued securities with long delivery times. The changes generally specify that firms must collect margin for customers for trades in securities with settlement times longer than standard. Alternatively, firms can take capital…
MBFA Meets with Key Hill and Administration Staff Promoting Muni Priorities
The Municipal Bonds for America Council hosted a “virtual fly-in” for Steering Committee members over the past week. The meetings focused on municipal bonds in the context of infrastructure financing and proved productive as both Congress and the Administration have begun to take concrete steps towards the introduction of a massive infrastructure package. The MBFA…
The Washington Weekly – Munis Back in Spotlight / MBFA’s Virtual Fly-In
In a week in which Congress began to take definitive steps towards drafting infrastructure legislation, bipartisan talks began to fall apart, with a rise in corporate rates as a “red-line” for Congressional Republicans. Just 4 days ago, a deal was realistically in sight. Leaders from both parties were set to meet with the President on…
Infrastructure Financing Hearing Announced–Munis Expected to be Highlighted
During the ongoing MBFA fly-in this week, we have learned that the House Committee on Ways and Means is in the process of developing a hearing on infrastructure financing that will include a robust debate on the municipal market and the expansion of financing tools needed. The hearing, titled “Leveraging the Tax Code for Infrastructure…
Brean Capital joins BDA
The BDA is pleased to announce the newest member of the BDA, Brean Capital. Founded in 2008 by 14 firms, the BDA now represents over 100 firms headquartered nationwide and is the only DC-based association for dealers and banks active in the US bond markets. The addition of Brean Capital makes the BDA a deeper,…
Biden Administration Continues Bipartisan Infrastructure Push – MBFA Hosts Virtual Fly-In
As the infrastructure debate continues and Congress moves towards taking its first legislative steps, the Biden Administration is signaling its willingness to compromise and strike a deal with Congressional Republicans. This week, the President is expected to host Leadership from Congress, both Republican and Democrat, in an effort to find common ground and a path forward to bipartisan…
The BDA’s E-Magazine and Digital App is Available to Download TODAY!
The BDA’s digital app is now available to download in the Apple Store or Google Play store. All of BDA’s advocacy issues, digital magazines, podcasts, and event updates will be easily accessed through this application. It can also be viewed on the web by clicking on the image on the left. Currently, articles (one-page topics) are…
BDA Requests Exemption from SEC Rule 15c2-11
BDA today sent a draft letter to SEC staff requesting exemptive relief with respect to SEC Rule 15c2-11, “Publication or submission of quotations without specified information ” as a prelude to a meeting to discuss the BDA requests. The BDA intends to ask the SEC to exempt fixed income products from the Rule. The Rule currently does…
President Biden Hits the Road (and Rail) to Tout Infrastructure Plan Muni Legislation Continues to Gain Steam
As Congress steps away from Washington for a two-week recess, President Biden continues to travel the country touting his Administrations Build Back Better plan, which includes a robust 2+ trillion-dollar infrastructure component. Following a late-week stop at a Philadelphia Amtrack station, the Biden Administration reiterated their current stance of working to strike a deal with…