"Thousands" of orders from brokers are pouring into the Public Securities Association for a new brochure on tax swapping, a newly revived technique for improving retail business in a down market, said a PSA spokesman.

Brokers are requesting multiple copies of the brochure, which was completed the week before last, to distribute to customers who may want to turn "paper" losses in their municipal bond portfolios into "real" losses.

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.