Muni Trading Gets Real: Current Prices on the Internet
by Annette Thau
If you have been buying individual municipal bonds, and if you have access to the Internet, you are probably familiar with the Web site InvestinginBonds.com (www.investinginbonds.com). This is the official Web site of the Bond Market Association, which for the past few years has been reporting municipal bond trades. Initially, trades were reported only for bonds that traded four or more times in one day. Reporting was gradually broadened to include all bond trades. Those trades, however, were all reported for the previous day.
As of January 31, 2005, a momentous change took place. Trades are now reported, and prices available, 15 minutes after a trade: in other words, in real time.
In this article
- Reading Bond Prices
- Commissions on Munis: The Dreaded Spread
- The InvestinginBonds Web site
- How to Use This Information
- The Impact
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The focus of this article will be how you, Mr. or Mrs. Individual Investor, can use this information.
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