Today, the New York Fed published the first sample purchase rates for the Municipal Liquidity Facility, and plans to release new rates each week solely to provide indicative pricing information to market participants.
The MFL Sample Purchase Rates can be viewed here.
Key Points:
- Actual transactions will be priced according to the specifics of each transaction and may differ from these rates; and
- The indicative rates are not intended to be a measure of market conditions and should not be used as reference rates for other transactions
Bond Dealers of America
May 27, 2020