BDA Statement on Municipal Market Conditions and the Need for the Federal Reserve to Provide Immediate and Broad Based Support

“Considering municipal market disruption and current economic uncertainty, the BDA believes the Federal Reserve should provide temporary, meaningful broad based support to the municipal market during these unprecedented times including to VRDNs and longer dated securities.”

– Mike Nicholas, CEO, Bond Dealers of America

The Bond Dealers of America is the Washington, DC based trade association that exclusively represents securities dealers and banks whose focus is the U.S. bond markets. We work passionately to promote public policies and market practices that improve the market environment while also providing a forum for its members to learn, collaborate, debate and discuss issues of common interest. The BDA acts as a clearinghouse for industry informatio and issues and provides educational opportunities for industry professionals throug conferences, seminars and roundtables. By supporting the interests and prosperity of our members, we help to strengthen the companies, municipalities and investors who depend on the for both access to market liquidity and to raise the capital they need to grow and prosper.

Media and Market Contact: Mike Nicholas, or 202-330-2739

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