By Gregg L. Bienstock, SVP, Group Head, Municipal Markets Originally published by The Bond Buyer On November 7, 2022, the MSRB issued two long-awaited compliance resources for municipal underwriters and municipal advisors. The resources are in response to the MSRB’s October 5, 2021 “Request for Comment on Draft Compliance Resources for Dealers [...]

By Gregg L. Bienstock, CEO & Co-Founder of Lumesis, Inc Not much needs to be said about the impact of rising rates and volatility on the Muni market – new issuance and trading activity have been impacted and, a look into the crystal ball suggests, that the rest of 2022 will be [...]

By Jay Alpert |  First published in The Bond Buyer Download PDF Volatility and liquidity concerns are here for the foreseeable future. As inflation has turned from “transitory” to “persistent” and the consequences of Russia’s invasion of Ukraine continue, we can expect volatility and illiquidity to be relevant subjects for the municipal [...]

Lumesis has launched two enhancements to its Secondary Market Pricing Platform with the addition of a yield and spread calculation of taxable term bonds and the inclusion of real-time taxable spreads. For taxable term bond transactions, Lumesis now calculates an average life yield, or cash-flow yield, which considers all cash flows of a term bond as opposed to simply the bond’s yield to maturity.

Financial technology company Lumesis has brought on ICE Data Services’ yield curve data sets to bring another layer of information for its municipal bond clients, the firm announced on Monday.

Lumesis has incorporated artificial intelligence to its municipal pricing and scales software in an effort to address limitations of the interpolation and extrapolation methodologies in predicting curve structures that are currently widely used in the market, the firm said.

The second week of August saw municipal market disclosures related to the coronavirus pandemic reach almost record level highs of around 1,200 filings.

Only about 2.5% of municipalities have filed coronavirus-related continuing disclosures due to uncertainty of how the pandemic will unfold.

As COVID-19 batters cities, an overhanging question in public finance is whether the crisis can elicit more efficient governing post-pandemic. Challenges amid severe budget strains include rebuilding tax bases, restoring business confidence, closing gaps between the rich and poor, and smarter municipal management overall.

Lumesis on Tuesday introduced the DIVER New Issue Pricing and Scales service, designed to help bankers, underwriters and municipal advisors create new-issue scales and pricing analyses in a transparent platform. Lumesis is expanding its data services