Banks To Reveal Some Muni Bond Yields Under New Rule

Law360, New York (September 26, 2012, 3:01 PM EDT) -- U.S. securities regulators approved a rule that will force banks to disclose the yields on certain bonds issued by states and other local government entities on their first day of trading, the Municipal Securities Rulemaking Board announced Tuesday.

The body charged with overseeing the multi-trillion dollar municipal securities market said that the U.S. Securities and Exchange Commission on Sept. 21 gave final approval to the rule, which will require banks to reveal the yields on municipal bonds designated as “not reoffered,” and thus not made available...
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