September 25, 2014
The Bond Buyer's 20-Bond Index® reversed course by losing 6 basis point to end at 4.11, a new low for the year. Last week, we said we expected the Index to continue rising by modest amounts. Oops.
Below are links to The Bond Buyer's ® 20- Bond Index along with a chart showing the trend of the Bond Buyer's ® 20-Bond Index for the past two years. For those interested, we have data for prior years and will be pleased to provide it upon request.
The Municipal Securities Rulemaking Board's EMMA system is now mandatory for new issue disclosure as well as continuing disclosure and bond ratings for rated issues. Both the preliminary and final official statements can be downloaded from the following web address: EMMA.
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Modified September 26, 2014