MSRB obtains SEC approval to display price and yield data on EMMA

By Jennifer Chiou

New York, March 21 - The Municipal Securities Rulemaking Board announced that it received approval from the Securities and Exchange Commission to improve the municipal market trading statistics provided on its on Electronic Municipal Market Access website.

According to a news release, the board will begin showing price and yield data for municipal securities transactions between dealers, while inter-dealer yields will be displayed on the EMMA beginning on April 30.

"The display of interdealer yield data on the EMMA website will expand the amount and type of information available to municipal market participants," MSRB executive director Lynnette Kelly said in the release.

"Investors and other market stakeholders will now have access to comparable data when making investment decisions."

EMMA currently displays dollar prices and yields for municipal securities transactions between dealers and customers, but yields are not displayed for transactions between dealers.

The board noted that the additional data will improve the usefulness of the information available on EMMA and contribute to increased municipal market transparency.

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