View How Your Bonds Are Trading
Municipal bond trading activity is reported by broker-dealers to the Municipal Securities Rulemaking Board, which makes this information easily accessible and transparent on a real-time basis on the Electronic Municipal Market Access (or "EMMA") website. EMMA's market activity pages provide a window for viewing market-wide information about municipal securities.
To view real-time trading activity of outstanding Commonwealth of Massachusetts general obligations bonds, please choose a year from the drop-down menu, then choose a bond series, and then click on a CUSIP number.
When you click on one of the listed CUSIPs, you will automatically be taken to the landing page on EMMA that is specific for each CUSIP. The key items of information regarding trades provided on EMMA include the trade price, the resulting yield (if available), the principal amount of the bonds bought or sold in that trade, and whether the trade involved a customer or was between broker-dealers and/or banks. A municipal security trade or transaction is a sale of a bond by one party to another. When a customer purchases a bond from a broker-dealer or bank, that trade is noted on EMMA as "Customer bought." When a customer sells a bond to a broker-dealer or bank, that trade is noted on EMMA as "Customer sold." A sale by a broker-dealer or bank to another broker-dealer or bank is noted on EMMA as an "Inter-dealer Trade." Normally, broker-dealers and banks report their trades to the MSRB within fifteen minutes of trade execution, and the trade information appears almost immediately on EMMA.
Click on a Year from the Drop-Down to Get Started: