In a recent paper (Q2 2019), Greenwich Associates explores quiet but impressive developments in municipal bond trading.

  • In February 2019, the municipal bond market had 1,023,438 available bonds to trade; 30 times more than the corporate bond market, and has grown to over $3.9 trillion in value, with roughly $12 billion worth of bonds trading daily
  • In 2018, e-trading in the institutional municipal bond market was higher than levels seen for investment-grade corporate bonds and more than double that of high-yield corporate bonds
  • Data available to market participants has grown, with both executable and evaluated prices now available for a huge portion of the issues

Read the full report to find out how this often-forgotten market is undergoing an evolution that will increasingly present opportunities to those willing and able to participate in the change.

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Important disclosures

Securities products and services are offered through Creditex Securities Corporation member FINRA, MSRB, NFA and SIPC or TMC Bonds, L.L.C member FINRA, MSRB and SIPC.

The information found herein, has been prepared solely for informational purposes and should not be considered investment advice, is neither an offer to sell nor a solicitation of an offer to buy any financial product(s), is intended for institutional investors only and is not intended for retail customer use.

This study was sponsored by Intercontinental Exchange. Intercontinental Exchange is not affiliated with Greenwich Associates, LLC, or any of their affiliates.