On July 21, the MSRB published its second annual report summarizing interest rate, trading, and other data on municipal variable rate securities reported to the MSRB between early 2009 and April 2011. The report includes information on the size of the market for auction rate securities, variable rate demand obligations and associated liquidity facilities, trading volume and interest rates, and the number of rate resets. MSRB Release. MSRB Report.
municipal variable rate securities
MSRB Transparency Standard for Municipal Variable Rate Securities
On May 16, the MSRB announced a new transparency standard for municipal variable rate securities. Under this standard, information will be made publicly available on EMMA that will allow investors to assess the level of demand, liquidity provisions, and auction procedures for such securities. MSRB Release.