Thank you to all attendees, sponsors, and exhibitors for helping make our 12th annual National Fixed Income Conference our strongest yet! Please reach out with any questions or comments. We need your feedback to ensure we continue building a conference with the right topics and speakers — all focused on the U.S. fixed income markets.…
Author: Bond Dealers of America
SEC Chairman Jay Clayton Expected to Resign at Years End
Today, SEC Chairman Jay Clayton announced that he will be stepping down from his role at the end of 2020. His term was set to expire in June 2021. His resignation comes as the SEC’s Temporary Conditional Exemption for MA’s is set to expire on December 31st, a provision that Chair Clayton personally favored in…
Bonding Time Podcast: 2020 Elections with Political Analyst Nathan Gonzales
NOW Available: BDA podcast with the political analyst, Nathan Gonzales What to expect on November 3 – The White House and Congress Is there a “silent majority” or do the pollsters have it right? Nathan Gonzales Editor and Publisher of Inside Elections with Nathan L. Gonzales & CNN Political Analyst …
BDA and Greenwich Associates Partner on Research Report – Fixed Income in an Unprecedented Year
A new research report completed by Greenwich Associates through a partnership with BDA, on bond trading and dealer adaptability in 2020. Click the image above to read the report. For additional information on this report or the BDA / Greenwich partnership please contact Mike Nicholas at mnicholas@bdamerica.org
Treasury not Expected to Extend Municipal Liquidity Facility
The U.S. Department of Treasury last week responded to written questions from the CARES Act Congressional Oversight panel charged with monitoring the Treasury’s stimulus programs, stating that they do not believe that the Municipal Liquidity Facility (MLF) should be extended beyond its current sunset date of December 31, 2020. These echos recent comments from CARES Act Congressional Oversight…
The Washington Weekly – COVID Upends Washington
In what can only be described as a wild and unprecedented few weeks in Washington, President Trump and multiple members of his Administration tested positive for COVID-19 along with many sitting U.S. Senators-an October surprise like none seen before. After learning that multiple Members of his Caucus have tested positive, Senate Majority Leader Mitch McConnell…
2020 Electoral Outlook
Tax Policy and Municipal Bonds As the only DC-based advocate for US focused bond dealers, the BDA has produced the linked document – 2020 Electoral Outlook: Tax Policy and Municipal Bonds. The brief discusses both Presidential and Congressional predictions, along with comparisons of Committee priorities and potential Leadership and how the potential outcomes will affect tax…
The Democratic Municipal Bond Market
*In response to a Barron’s story from September 22, 2020 In “‘You’re Cornered if You’re a City.’ How Concentration in the Municipal Bond Market Is Raising Borrowing Costs” (Barron’s, September 22, 2020), Garphil Julien tries to make the case that a “concentration of power” among banks and securities firms in the municipal bond market harms…
BDA Launches a New Podcast: Washington Roundup
Covering the fixed income markets – market structure, technology, regulation, legislation, politics, profiles of firms and business leaders Listen to the inaugural podcast with Brett Bolton and Michael Decker of the BDA as they discuss the SEC’s temporary condition exemption for MA’s and the potential for federal stimulus and infrastructure with Emily Brock of GFOA.…
Members of Congress -with BDA Support- Urge SEC to Withdraw Exemptive Order
BDA Leads Aggressive Lobbying Against TCE Today, with support and assistance from the BDA, Representatives French Hill (R-AR) and Vincente Gonzalez (D-TX) wrote the SEC in opposition of the Temporary Exemptive Order for Municipal Advisors.The legislators urged the Commission to withdraw the original proposed order and ensure that the TCE expires on December 31st 2020…