Qualified Mortgage Bonds
The May 2007 Research Quarterly reports that capital market issuance rose to $1.78 trillion in the first quarter of 2007, a 13.0 percent increase over the first quarter of 2006, and equity and high-yield bond sector valuations gain..
Washington Weekly
The House and Senate approved tax reconciliation legislation this week. The president is expected to sign the bill, which includes a number of provisions important to the bond markets, next week. For this and more, see this week's Washington Weekly.
The May 2006 Research Quarterly reported that bond market issuance increased to $1.4 trillion in a rising rate environment during the first quarter.
Washington Weekly
Treasury Secretary Snow and SEC Chairman Donaldson addressed the Association's annual meeting this week. In Washington, President Bush signed netting legislation into law and the Senate held three more hearings on GSE legislation. For these stories and others, read the Washington Weekly.
Comments on certain proposals in the Joint Commmittee on Taxation's recent report to the Senate Finance Committee, Options to Improve Tax Compliance and Reform Tax Expenditure.
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