The Municipal Securities Rulemaking Board has retired nine separate pieces of interpretive guidance related to Rule G-12(c) on inter-dealer confirmations following the board’s request for comment on the rule. The move follows recent comments submitted by the Securities Industry and Financial Markets Association that urged the board to knock out the provision altogether, and the

The South has been the driving force for United States population growth in recent years – in 2023 for example, the region accounted for 87% of the nation’s population growth, according to the U.S. Census Bureau. That population growth has helped spur economic growth in that region. But the changing climate may turn that equation

Munis were weaker Wednesday as the primary market saw a slew of new deals price, adding pressure to secondary market trading. U.S. Treasury yields rose throughout most of the curve and equities ended down. Triple-A yields rose as much as 11 basis points while USTs were weaker by five basis points. As munis have seen

Morgan Stanley continues to beef up its muni team with two more key hires. Dan Tomson, Citi’s former co-head of Municipal Banking and Public Finance, and David Stephan, a former J.P. Morgan executive director, have joined the firm. These hires come a few months after Morgan Stanley hired four former Citi public finance employees, three

Municipals weakened further Tuesday in secondary trading as a large new-issue slate took focus in the primary market. U.S. Treasury yields fell and equities were in the black. Muni yields were cut up to seven basis points, depending on the scale, while UST yields fell two to three basis points, pushing muni to UST ratios