MSRB Publishes Third Quarter 2013 Municipal Market Statistics

The MSRB has released municipal market statistics for the third quarter of 2013, including data on trading patterns, interest rate resets, and continuing disclosure submissions made to the MSRB for the municipal bond market.The third quarter 2013 highlights include the following:

• the number of trades in the municipal market in the third quarter of 2013 increased 23 percent compared to the number of trades in the third quarter of 2012;
• the number of variable rate demand obligations rate resets declined to 171,552, the lowest number of rate resets in a quarter since the MSRB began collecting the information in April 2009; and
• trading revenue securities accounted for approximately 70 percent of the total par traded, and 66 percent of the overall number of trades in the third quarter of 2013.

The MSRB's quarterly statistical summaries include aggregate market information for different types of municipal issues and trades, and the number of interest rate resets for variable rate demand obligations and auction rate securities. The data also include statistics pertaining to continuing disclosure documents received through the MSRB's EMMA website.

See: Municipal Market Statistics for the Third Quarter of 2013; MSRB Press Release.Related news: MSRB Publishes Second Quarter Municipal Market Statistics (August 7, 2013); MSRB Publishes First Quarter 2013 Municipal Market Statistics (May 14, 2013).