Net new issuance of Treasury coupon securities is projected to hit $82.5 billion in the third quarter.
The board took action to improve transparency in the municipal bond market during its three-day meeting.
Investors, brokers and analysts believe the current bond-rating system should be reformed.
Second-quarter volume of long-term muni bonds totaled $226.3 billion, a 1.3% drop from the same period last year.
Bond insurers are in talks with banks, looking to wipe away some $125 billion of insurance on debt securities.
Legislation that would require municipal bonds to be rated similarly to corporate bonds was introduced today in the House.
The bond insurers are also facing downgrades from Moody's Investors Service.
The bond insurers are also facing downgrades from Moody's Investors Service.
The aim is to remove some of the power investment banks have over selecting which rating firms get paid to rate deals.
The firm will refinance the auction rate preferred securities issued by its municipal closed-end funds.
The Supreme Court has ruled that Kentucky can continue to tax out-of-state muni bonds, while not taxing in-state ones.
A Wells notice focuses on the firm's "bidding of various financial instruments associated with municipal securities."
One Goldman analyst says the bond insurers will need $3.4 billion each in added capital thanks to more quarterly losses.
Net new issuance of Treasury coupon securities is expected to hit $47 billion in the second quarter.
Last month, there were 791 new bond issues valued at $39 billion, according to Thompson Financial.
Municipal borrowers plan to pull at least $21 billion of bonds out of auction rate securities by May 1, Bloomberg reports.
The firm is responding to criticism that ratings firms underrate municipal debt relative to corporate bonds.
CFIG, a privately held European insurer, was downgraded today to A+ from its former AAA rating by Standards and Poor's.
The Fed announced it would lend $200 billion of Treasury securities to bond dealers, causing a stock market spike.
Turmoil in the bond market was a factor in the formation of the Regional Bond Dealers Association, based in Alexandria, Va.
