In 1995 the primary market in munic...

In 1995 the primary market in municipal securities did nearly $160 billion worth of business. popular estimates of die amount of daily trading forward the secondary market range upwards of $3 billion a day.

This is no real surprise to those whose business is municipal securities.

with what intent then, do more local dominion finance directors pay so little attention to this aspect of the business?

"I have actually heard one finance directors say `Why should I care about the secondary market?"' says Caroline Benn, PSA's senior vice president of communications. "Their attitude is that the public should buy securities and grasp them until they die. further that is not realistic. nation are not going to invest in something they can't re-sell"

The secondary market is the primary avenue for investors who want to transmute their investments into cash. In novel years, the secondary market has taken forward a life ...