Sen. Rod Grams, chairman of the Subcommittee on Securities, has announced that on Wednesday, May 26, the subcommittee will hold a hearing on the private sector's voluntary initiative to provide more transparency in the corporate bond market. The hearing will include a demonstration of Corporate Trades 1, the program being developed by the Bond Market Association to provide more information about bond transactions.

"There is a consensus that more timely information on corporate bond prices will benefit the consumer," Grams said. "The hearing will provide the subcommittee with an update on the most immediate source of such information, the voluntary market-driven initiative led by the Bond Market Association."

WHEN:

10:00 a.m. Wednesday, May 26, 1999

WHAT:

Subcommittee on Securities

WHERE:

538 Dirksen Senate Building

WHO:

Nelson D. Civello
Chairman of the Bond Market Association, and
President of the Fixed Income Capitol Markets Group at Dain Rauscher Inc.