MSRB Adds Information to Online Toolkit, Offers WebinarThe Municipal Securities Rulemaking Board (MSRB) added a number of key resources to its online toolkit of educational materials for state and local governments to help them improve their understanding of the municipal securities market.
The MSRB’s State and Local Government Toolkit now includes an overview of the roles and responsibilities of the many financial professionals involved in municipal bond transactions, a tool for tracking trading activity of municipal bonds in the secondary market and information on key market regulations. The MSRB launched the toolkit last year with a series of videos, fact sheets, and guides about the process of issuing municipal bonds and using the MSRB’s Electronic Municipal Market Access (EMMA) website. Materials in the expanded toolkit include:
The centerpiece of the expanded toolkit is the EMMA Trade Monitor, a new tool that enables state and local governments to export trade data from the EMMA website to a desktop application for analysis of secondary market bond trading activity. State and local governments can use the downloaded data to analyze the prices, yield, and amount of secondary market trade activity of municipal bonds in support of evaluating pricing for their new issues, among other things. The GFOA, through its Best Practices, urges governments to fully utilize the EMMA system, especially the posting of web links to their financial and budget information
A webinar about the Trade Monitor will be held September 18, 2012, at 10:30 am (Eastern). The webinar will also be available for on demand viewing on the EMMA website following the event.
Click here to register for the event.
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