The municipal bond market admittedly is a complex place, but sometimes its complexity becomes overbearing. It could stand a dose of Simplicity.

Consider the move to require bond issuers to provide more ongoing financial information as long as their bonds are outstanding. The direct way to get that information is to have the Securities and Exchange Commission order it, but the Tower Amendment prevents that.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.