While the Senate is on track to pass an additional $1.9 trillion dollar stimulus package by the end of the week that includes $350 in unencumbered funding to state and local governments, the Biden Administration and some in House Leadership appear to be turning attention to infrastructure. Yesterday, the President, Vice-President and DOT Secretary Buttigieg…
Author: Bond Dealers of America
Bonding Time Podcast: Credit Analysis with Tom Kozlik
This installment of Bonding Time featuring Tom Kozlik of Hilltop Securities discusses the potential credit impact of the recent weather disaster in Texas and the midwest, an update on state and local funding in stimulus, and a turn to infrastructure in DC. Bonding Time will continue to feature a selection of market experts to discuss the current state…
BDA Comments on Electronic Trading
The BDA today submitted comments to the SEC on their “Concept Release on Electronic Corporate Bond and Municipal Securities Market.” We focused our comments just on Section VIII of the release related to electronic trading in corporate and municipal bonds. The concept release was motivated by a recommendation from the SEC’s Fixed Income Market Structure…
Diversity, Inclusion, and Attracting Talent to the Bond Markets – A BDA “Bonding Time” Podcast Series
Launching this March! What your firm needs to know: Are you structured to recruit and advance junior staff? Do you have a dedicated D&I leader and team? How enhancing D&I will improve your firm / your business How the industry is focused on D&I What is Capitol Hill’s focus regarding D&I? How to keep…
Infrastructure Update: BDA Discusses Potential Legislation with Federal Agencies
The BDA hosted conversations with senior-level staff, both political and career, at the U.S. Department of Treasury and the Department of Transportation regarding potential infrastructure legislation this year, and the inclusion of municipal bond provisions. Key points include: DOT Secretary Pete Buttigieg recently promoted the reinstatement of tax-exempt advance refundings during his confirmation hearing in…
Bonding Time DC Update: The BDA’s Monthly Podcast Covering Federal Legislative, Regulatory and Political Intelligence Impacting the US Bond Markets
A continued monthly feature from the BDA in 2021 will be the DC Update installment of the BondingTime podcast featuring a variety of DC insiders, issuer representatives, staffers, and other fixed-income policy experts. As Congress and the Biden Administration works through additional COVID relief and turns attention to a potential infrastructure package, munis will continue to…
NOW Available: DC Update podcast with: Brian Egan, Policy Director at the National Association of State Treasurers
This installment of Bonding Time features Brian Egan, Policy Director at the National Association of State Treasurers. Topics will include: Update on Status of State and Local Funding in COVID Relief Discussion on Probabilities of Muni Priorities Becoming Law in 2021 State and Local Muni Outlook
The Washington Weekly: Biden Begins Work on Infrastructure
As Congress continues to take steps to pass an additional $2 trillion dollar COVID relief package, President Biden and his Administration have begun to turn attention to infrastructure. This week during a White House meeting with labor leaders, Biden laid out parameters for what will likely be a massive spending package released later in the…
The Bond Buyer: How FINRA should adapt its rules to the work-from-home reality
by Sarah Wynn Potential changes to Financial Industry Regulatory Authority rules would likely reflect on the municipal space as the regulator contemplates lessons learned during the pandemic and dealers seek greater work-from-home flexibility. In comment letters filed Tuesday, dealer groups said FINRA should work with the Securities and Exchange Commission and Municipal Securities Rulemaking Board…
SEC Investigations Likely to Increase
Yesterday, BDA member firm Nixon Peabody released a government inspections alert looking into the possible impact at the SEC of full Democratic control of Washington. The alert follows the February 9th announcement from acting Chair Allison Lee that the agency would allow more enforcement supervisors to authorize investigations, a power that had been scaled back…