What Is the Bond Buyer?

The Bond Buyer is a trade publication for members of the municipal bond industry. It began as a daily newspaper over 100 years ago and now provides sophisticated real-time market data via a subscription-based digital version. 

The newspaper, launched in 1891, as The Daily Bond Buyer in 1891 in New York City. It serves the entire municipal bond industry with a daily paper and subscription-based website which publishes intraday breaking news and archives. The print version of The Bond Buyer is released five days a week, while the digital version is updated continuously throughout the business day.

Understanding The Bond Buyer

The Bond Buyer takes a regional approach to covering the industry. It includes developments in the Midwest, Northeast, Far West, and the Southeast United States, as well as the Caribbean region. The Bond Buyer also focuses on the economic policies of the federal government, particularly the Federal Reserve Board and how its policies affect municipalities and their debt offerings. The newspaper maintains bureaus in Washington, Chicago, Florida, Dallas, Atlanta, and San Francisco.

In September 2017, The Bond Buyer announced a partnership with Municipal Bond Information Services (MBIS) to deliver real-time market data to subscribers through the Bond Buyer Data Workstation. This service is designed to enhance the website’s industry coverage and analysis by packaging it with sophisticated market data, similar to the service offered by Bloomberg.

Legal Notices Section of The Bond Buyer

Another critical service provided by The Bond Buyer is the Legal Notices section. The Municipal Securities Rulemaking Board (MSRB) requires bond issuers to publish announcements of new bond issues or amendments to existing bonds. The Legal Notices section provides a directory of current offerings, as well as links to a notice of sale for each issuance. Other announcements listed in the section include notices of refunding, bankruptcies, tender offers and offers to repurchase bonds.

The regional approach of The Bond Buyer is reflected in a series of annual conferences which the paper hosts around the country. These events tend to focus either on municipal bond issues in a particular region or a sector of the national bond market - transportation, law, and leveraged finance are recent examples.

The Bond Buyer Ownership

The Bond Buyer is a subsidiary of SourceMedia, Inc, which also publishes American Banker. SourceMedia was previously owned by Thompson Corp before being sold to Investcorp, a Bahrain private equity firm, in 2004. In 2014, SourceMedia was sold to Observer Capital, another private equity firm founded by Joseph Meyer.