Bond Market Association

The Bond Market Association (BMA) was a trade organization representing firms involved in issuing, trading, and managing bonds, which are debt securities that governments and companies use to raise capital. The BMA helped set industry standards, promote transparency, and advocate for market interests, ensuring a well-functioning and efficient bond market. Although it no longer exists under that name, its functions are now carried out by organizations like the Securities Industry and Financial Markets Association (SIFMA). Essentially, it worked to support the responsible growth and stability of the bond trading industry.