TITLE

Mom and Pop Pay Steep Price To Trade Munis, Study Shows

AUTHOR(S)
Chang, Helen
PUB. DATE
August 2004
SOURCE
Bond Buyer;8/27/2004, Vol. 349 Issue 31957, p1
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
Cites key research findings in the U.S. in 2004 indicating that retail investors in the municipal market lose about a half-year's worth of return on the average triple-A bond just to transact. Bid-ask spreads for retail-sized trades averaging over 200 basis points ad nearly three to five times the size of spreads on institutional-sized trades; Analysis of pertinent topics and relevant issues; Implications on the market for municipal bonds.
ACCESSION #
14281983

 

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