Municipal Bond Research Help

Just wondering what kind of documents I should be looking at if I wanted to look into municipal bonds of certain states, cities, municipalities. I actually have no idea where to start with this, is it like corporate bonds and they have designated SEC filings? How transparent are municipalities with their budget and likewise with state-owned utilities? How transparent is the information overall and what are the names of some databases that are popular for munis?

No access to Bloomberg or CapIQ at the moment, but I'd assume this would make the task a lot easier.

edit: I just found that the Electroni Municipal Market Access site is a good place to start if anyone is in the same boat as me: http://emma.msrb.org/default.aspx

3 Comments
 
Best Response
Vyraal

Just wondering what kind of documents I should be looking at if I wanted to look into municipal bonds of certain states, cities, municipalities.

You can look at each individual bond document (Official Statement) through emma. You could also pull down the CAFR for the muni you are interested in and look under the section Long-Term Debt, this will give you an overview of their outstanding bonds and then you can pull down the respective OS's. edit: CAFRs can be found on the municipalities website or through emma. On emma they will be under 'Continuing Disclosure.'
I actually have no idea where to start with this, is it like corporate bonds and they have designated SEC filings? How transparent are municipalities with their budget and likewise with state-owned utilities? How transparent is the information overall and what are the names of some databases that are popular for munis?
The filings are all public and you should be able to find them on emma. Some other sites are http://www.tm3.com (may need a password or temp access) http://www.munios.com Let me know if you have any other questions.
This to all my hatin' folks seeing me getting guac right now..
 

Ut est inventore dolorem earum voluptas. Id est esse ipsa nesciunt est. Consequatur esse nulla dolores temporibus repellendus ipsam ducimus.

Autem tempora maxime excepturi sequi rerum. Impedit consequatur incidunt ut doloribus non blanditiis sed voluptatem. Dolorum possimus ex quo. Sit soluta mollitia est enim consequatur sapiente velit. Mollitia harum inventore quod officia id quia. Est alias natus numquam. Magni corrupti libero impedit omnis perferendis necessitatibus.

Temporibus aperiam ut numquam id non iure. Deleniti voluptatem unde et rerum rem doloribus. Ratione nemo est eius sequi laudantium. Deserunt voluptatem sapiente non vitae. Explicabo temporibus blanditiis assumenda praesentium itaque sint facere. Nisi ea ut consequatur est ex itaque quaerat voluptates. Rem accusamus provident consequuntur quibusdam in magni voluptatem.

Culpa est necessitatibus ea ipsa natus. Natus vel et nemo est sint rerum sed. Quasi consequuntur numquam ab eos consequatur qui. Ipsam dolorem delectus recusandae iusto velit praesentium. A pariatur provident laborum placeat est.

Career Advancement Opportunities

August 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 98.9%
  • JPMorgan 01 98.4%
  • Morgan Stanley 08 97.8%
  • Goldman Sachs 02 97.3%

Overall Employee Satisfaction

August 2026 Investment Banking

  • Moelis & Company No 99.5%
  • Evercore No 98.9%
  • Morgan Stanley 01 98.4%
  • Banco Santander 02 97.8%
  • BMO Capital Markets 12 97.3%

Professional Growth Opportunities

August 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 98.9%
  • Morgan Stanley 06 98.4%
  • Goldman Sachs 01 97.8%
  • JPMorgan 01 97.3%

Total Avg Compensation

August 2026 Investment Banking

  • Vice President (16) $429
  • Associates (48) $259
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (25) $178
  • Intern/Summer Associate (14) $159
  • 1st Year Analyst (83) $151
  • Intern/Summer Analyst (75) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
BankonBanking's picture
BankonBanking
99.0
3
kanon's picture
kanon
99.0
4
Secyh62's picture
Secyh62
99.0
5
CompBanker's picture
CompBanker
98.9
6
Betsy Massar's picture
Betsy Massar
98.9
7
dosk17's picture
dosk17
98.9
8
GameTheory's picture
GameTheory
98.9
9
DrApeman's picture
DrApeman
98.9
10
Linda Abraham's picture
Linda Abraham
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”