<p>MSRB Chief Market Structure Officer John Bagley discusses key developments in the municipal securities market in 2025 and major trends in the last 5 years.</p>

Capital raised through municipal bond offerings finance essential infrastructure and other projects for state and local governments. To enhance your understanding of the municipal securities market, the MSRB Podcast delivers information from a principal regulator of dealers and municipal advisors in the municipal securities market, the Municipal Securities Rulemaking Board (MSRB). Whether you want to learn more about MSRB rules or research, municipal market professionals’ regulatory obligations, market structure, transparency or emerging market topics, the MSRB Podcast is for you.