BondLink, a technology company geared to municipal bond issuers, is teaming up with Municipal Market Analytics to deliver exclusive bond market research and insights to its clients.
The new MMA Market Conditions Index gives issuers a concise read of current conditions in the municipal bond market, providing them valuable perspective during the period they are accessing capital by issuing bonds, BondLink said in a press release Wednesday.
The elements comprising the MCI are MMA-curated market factors that have historically influenced bond yield movement and investors’ perception of value.
“BondLink was founded to help public sector CFO’s and finance directors improve how they issue bonds,” said Colin MacNaught, BondLink co-founder and CEO. “We empower them with technology and tools they’ve never had access to before. Through our new partnership with MMA, they can access valuable insight into key market indicators. I know first-hand the quality of MMA’s research, and we are excited to partner with them on this premier resource for the betterment of our issuer clients and the market.”
MMA’s research and analysis will be available in client portals, offering detailed weekly overview of market conditions.
“MMA knows partnering with BondLink and its clients advances the goal of improving dialogue among market participants when utilizing the capital markets,” said Tom Doe, founder and president of MMA. “Our independent, concise, consistent and key insightful data delivers a strong foundation for enabling these better dialogues.”
Because most issuers in the municipal bond market issue bonds infrequently and most finance officers have other responsibilities like budgeting and tax collections, it can be difficult to shift gears as a bond sale approaches to gauge bond market conditions. The Market Conditions Index is intended to make that process much more efficient for finance officers and be another helpful information resource in their dialogue with advisors, bankers and underwriters.
The MCI will be provided on a weekly basis exclusively to issuers who subscribe to BondLink. The proprietary index will include insights on market conditions such as bond prices, new-issue supply, secondary market trading, and investor fund flows, to name a few.
Boston-based BondLink last month announced new capabilities to help issuers communicate with investors via digital roadshows; a compliance tool that includes a drag-and-drop upload to the Municipal Securities Rulemaking Board’s EMMA website; and debt management tools including a dynamic investor database.
