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Letter from the CEO & Managing Editor
Fall 2022

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Welcome college football season and the Federal midterm elections! And of course to the latest issue of the BDA quarterly magazine, Fixed Income Insights.
This issue is really balanced between political outlooks and the US bond markets. Ahead of the midterms, we’re very pleased to offer a U.S. Senator and a U.S. Congresswoman as our featured interviews - Republican Senator John Boozman of Arkansas and Democrat Congresswoman Terri Sewell of Alabama. Both Senator Boozman and Congresswoman Sewell understand our business and have been staunch allies on Capitol Hill, especially as related to regulatory issues coming out of the SEC and advancing muni bond provisions in the House.
Also on the cover we highlight one of the fourteen founding BDA member firms, SouthState|DuncanWilliams in our member firm profile.
Inside we have sections on the muni market, technology and market structure, taxable markets, bond market regulation, the BDA policy focus, and much more.
This magazine - in both digital and now print versions - extends our presence and is an extension of the BDA’s advocacy for member firms. The BDA continues to be the only DC based trade association solely focused on the bond markets. It is our focus combined with aggressive, non-bureaucratic advocacy that sets us apart with tangibly beneficial outcomes for our members.
It is our membership that drives the BDA’s success and is reflected through the content on these pages, provided by industry leadership from Wall Street to Main Street.
A big thank you to the many contributors to this issue including our many advertisers.
We value all feedback so please let us know what you think of this issue and of Fixed Income Insights overall.
Thank you for your engagement and support and helping to ensure the BDA is a strong, focused advocate for the $54 trillion dollar U.S. bond markets.
Sincerely,
Mike Nicholas Chief Executive Officer, Bond Dealers of America Managing Editor, Fixed Income Insights