May 27, 2003
MunicipalBonds.com Fends Off Another Cyber Attack
It is interesting that this attack on MunicipalBonds.com would come
so close to our anticipated release of our Negative Yields reports.
We had a similar experience back when we were about to release our
first Worst Spreads studies.
But at least this one was funny. Good effort.
It gave me a good laugh...even though we were on the bad side of it.
For those who do not like MunicipalBonds.com -- I can only continue
to inform you that the numbers we report are what the Municipal Bond
industry yourself (and MSRB) provide us.
Price reporting" was initiated back in 1994. It was supposed to
lead to "price transparency." From this has come our daily trade/price
reports, Red Flags, Worst Spread reports and, soon, Negative Yield
reports.
Yes, MunicipalBonds.com has sort of revolutionized the use of the
trade data and, thus, been the first to expose unfair practices within the
Muni Markets.
Hopefully, this will facilitate improvements to our market that will
help all involved, and that we can all be proud of.
Kevin Olson
MunicipalBonds.com
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