Klotz on Bonds:
News and perspectives from the president of FMSbonds:
Despite a near-zero default rate, banking officials excluded munis as part of new liquidity rules. Four years later, Congress makes the right call and reverses the decision.
A wide range of support is behind efforts to revive advance refunding bonds, a casualty of the tax-overhaul law. Now it’s Congress’s turn to act.
Q&A with James A. Klotz, president of FMSbonds, Inc., on the new pricing regulation and what it means to municipal bond investors.