The Fundamentals Of Municipal Bonds

Author : SIFMA
Publisher : John Wiley & Sons
Page : 326 pages
File Size : 44,7 Mb
Release : 2011-12-06
Category : Business & Economics
ISBN : 9780470903384

Get Book

The Fundamentals of Municipal Bonds by SIFMA Pdf

The definitive new edition of the most trusted book on municipal bonds As of the end of 1998, municipal bonds, issued by state or local governments to finance public works programs, such as the building of schools, streets, and electrical grids, totaled almost $1.5 trillion in outstanding debt, a number that has only increased over time. The market for these bonds is comprised of many types of professionals—investment bankers, underwriters, traders, analysts, attorneys, rating agencies, brokers, and regulators—who are paid interest and principal according to a fixed schedule. Intended for investment professionals interested in how US municipal bonds work, The Fundamentals of Municipal Bonds, Sixth Edition explains the bond contract and recent changes in this market, providing investors with the information and tools they need to make bonds reliable parts of their portfolios. The market is very different from when the fifth edition was published more than ten years ago, and this revision reasserts Fundamentals of Municipal Bonds as the preeminent text in the field Explores the basics of municipal securities, including the issuers, the primary market, and the secondary market Key areas, such as investing in bonds, credit analysis, interest rates, and regulatory and disclosure requirements, are covered in detail This revised edition includes appendixes, a glossary, and a list of financial products related to applying the fundamentals of municipal bonds An official book of the Securities Industry and Financial Markets Association (SIFMA) With today's financial market in recovery and still highly volatile, investors are looking for a safe and steady way to grow their money without having to invest in stocks. The bond market has always been a safe haven, although confusing new bonds and bond funds make it increasingly difficult for unfamiliar investors to decide on the most suitable fixed income investments.

Author : The Bond Market Association,Judy Wesalo Temel
Publisher : John Wiley & Sons
Page : 290 pages
File Size : 44,9 Mb
Release : 2001-02-02
Category : Business & Economics
ISBN : 9780471393658

Get Book

The Fundamentals of Municipal Bonds by The Bond Market Association,Judy Wesalo Temel Pdf

Praise for the Classic Guide to the Bond Market "This is simply the most comprehensive, useful look-it-up book onmunicipal bonds I've ever read (said with all due respect to TheABC of Municipal Bonds my dad wrote in 1937 when I was nine). ReadFundamentals cover to cover. I'm keeping mine in my briefcase,under my arm, at my fingertips. No accountant, financial advisor,attorney, new bond salesman, reporter, regulator, test-writer,cautious, suspicious first-time investor in municipal bonds, ordinner guest is ever going to catch me again with a question aboutmunicipal bonds I can't answer."-Jim Lebenthal, Chairman, Lebenthal& Co. "Judy Wesalo Temel gives us the Rosetta stone of the municipal bondmarket, the key to unraveling the many mysteries of 'muni's.' Herbook, a fresh take on the old standard Fundamentals of MunicipalBonds, updates chapter and verse on everything from investing tounderwriting, from over-the-counter to over-the-Internet. The styleis clean, crisp, and as simple as this complex subject can be. Areyou a novice who wonders how to invest in bonds? She lays out thebasics. Examples are easy to follow-even the mathematical ones thatare critical to explaining how municipal bonds work. At the sametime, there is plenty of meat for the pros. Whether you need tostart from square one and learn all about municipal bonds and howthey work, or need a ready reference for specific technicalquestions you run across as a market professional, this book is foryou."-Kathleen Hays, Economics Editor, Credit Markets Reporter, and"Bond Belle" CNBC "This is a must-read for every scholar, banker, and public officialconcerned with local government finance in the United States. JudyWesalo Temel has done the impossible: she has clearly andinsightfully explained how we finance the development of thenation's vital public infrastructure. This is an important book,one that will be required reading for professionals responsible forplanning, designing, and evaluating publicly financed projects-thehealth care, transportation, and educational facilities that allcitizens rely upon. The bond market is an essential element in thelife of local and state government, and this book makes itunderstandable to all Americans."-Mitchell Moss, Henry Hart RiceProfessor of Urban Planning and Director, Taub Urban ResearchCenter, Robert F. Wagner Graduate School of Public Service, NewYork University

Author : SIFMA
Publisher : John Wiley & Sons
Page : 326 pages
File Size : 49,7 Mb
Release : 2011-10-25
Category : Business & Economics
ISBN : 9781118166840

Get Book

The Fundamentals of Municipal Bonds by SIFMA Pdf

The definitive new edition of the most trusted book on municipal bonds As of the end of 1998, municipal bonds, issued by state or local governments to finance public works programs, such as the building of schools, streets, and electrical grids, totaled almost $1.5 trillion in outstanding debt, a number that has only increased over time. The market for these bonds is comprised of many types of professionals—investment bankers, underwriters, traders, analysts, attorneys, rating agencies, brokers, and regulators—who are paid interest and principal according to a fixed schedule. Intended for investment professionals interested in how US municipal bonds work, The Fundamentals of Municipal Bonds, Sixth Edition explains the bond contract and recent changes in this market, providing investors with the information and tools they need to make bonds reliable parts of their portfolios. The market is very different from when the fifth edition was published more than ten years ago, and this revision reasserts Fundamentals of Municipal Bonds as the preeminent text in the field Explores the basics of municipal securities, including the issuers, the primary market, and the secondary market Key areas, such as investing in bonds, credit analysis, interest rates, and regulatory and disclosure requirements, are covered in detail This revised edition includes appendixes, a glossary, and a list of financial products related to applying the fundamentals of municipal bonds An official book of the Securities Industry and Financial Markets Association (SIFMA) With today's financial market in recovery and still highly volatile, investors are looking for a safe and steady way to grow their money without having to invest in stocks. The bond market has always been a safe haven, although confusing new bonds and bond funds make it increasingly difficult for unfamiliar investors to decide on the most suitable fixed income investments.

Author : Neil O'Hara
Publisher : Unknown
Page : 313 pages
File Size : 49,5 Mb
Release : 2012
Category : Municipal bonds
ISBN : OCLC:1014194182

Get Book

The Fundamentals of Municipal Bonds by Neil O'Hara Pdf

Author : Joel A. Mintz
Publisher : American Bar Association
Page : 194 pages
File Size : 42,8 Mb
Release : 2010
Category : Municipal bonds
ISBN : 1604428309

Get Book

Fundamentals of Municipal Finance by Joel A. Mintz Pdf

Author : Anonim
Publisher : Unknown
Page : 128 pages
File Size : 43,9 Mb
Release : 1963
Category : Electronic
ISBN : OCLC:1127202253

Get Book

Fundamentals of Municipal Bonds (3rd Ed.). by Anonim Pdf

Author : Robert Doty
Publisher : John Wiley & Sons
Page : 210 pages
File Size : 44,8 Mb
Release : 2012-02-23
Category : Business & Economics
ISBN : 9781118216972

Get Book

Bloomberg Visual Guide to Municipal Bonds by Robert Doty Pdf

A hands-on visual guide to understanding and investing in an important and consistently safe investment vehicle Bloomberg Visual Guide to Municipal Bonds offers step-by-step guidance to the nature and diversity of municipal securities credit structures. This valuable guide demonstrates the dependability of the overwhelming majority of municipal securities, and points out particular market sectors that may yield greater rewards, but also present greater risks. This book also directs readers to good sources of up-to-date information as well as new market tools, byproducts of recent market enhancements, so as to assist you in making informed investment decisions. Filled with reliable and highly accessible information needed for making sound decisions when investing in municipal securities Author Robert Doty is a noted expert on municipal securities A valuable addition to the new Bloomberg Visual Series Engaging and informative, this reliable resource is an easy-to-use "how to" guide to municipal securities that will help you create more effective investment strategies.

Author : Sylvan G. Feldstein,Frank J. Fabozzi
Publisher : John Wiley & Sons
Page : 1381 pages
File Size : 51,8 Mb
Release : 2011-01-13
Category : Business & Economics
ISBN : 9781118044940

Get Book

The Handbook of Municipal Bonds by Sylvan G. Feldstein,Frank J. Fabozzi Pdf

In The Handbook of Municipal Bonds, editors Sylvan Feldstein and Frank Fabozzi provide traders, bankers, and advisors—among other industry participants—with a well-rounded look at the industry of tax-exempt municipal bonds. Chapter by chapter, a diverse group of experienced contributors provide detailed explanations and a variety of relevant examples that illuminate essential elements of this area. With this book as your guide, you’ll quickly become familiar with both buy side and sell side issues as well as important innovations in this field.

Author : Joe Mysak
Publisher : John Wiley & Sons
Page : 242 pages
File Size : 55,7 Mb
Release : 2012-01-03
Category : Business & Economics
ISBN : 9781118006757

Get Book

Encyclopedia of Municipal Bonds by Joe Mysak Pdf

An accessible reference that explores every aspect of the municipal bond market Until now, there has been no accessible encyclopedia, dictionary, nor guide to the world of municipal bonds. Comprehensive and objective, this groundbreaking volume covers the history and mechanics of the municipal market in clear and understandable terms. It covers all aspects of the market, including pricing, trading, taxation issues and yields, as well as topical events such as the financial crisis, hysteria about defaults and Chapter 9 municipal bankruptcy, fraud, and regulation. Encyclopedia of Municipal Bonds also contains entries on important historical events and provides much-needed context for this field. Everything you ever wanted to know about municipal bonds in one comprehensive resource Joe Mysak is the author of the Bloomberg bestseller Handbook for Muni Issuers Demystifies the world of municipal bonds for both the novice and professional investor Explores issues such as the Orange County bankruptcy, the Jefferson County default, the New York City financial crisis, and the surprisingly recent creation of the modern municipal market Encyclopedia of Municipal Bonds offers an essential reference guide for investors, professionals, regulators, insurers, and anyone else involved in the municipal bond market.

Author : Investment Bankers Association of America
Publisher : Unknown
Page : 184 pages
File Size : 53,8 Mb
Release : 1969
Category : Municipal bonds
ISBN : STANFORD:36105003882839

Get Book

Fundamentals of Municipal Bonds by Investment Bankers Association of America Pdf

Author : Triet Nguyen
Publisher : John Wiley & Sons
Page : 280 pages
File Size : 49,5 Mb
Release : 2012-06-08
Category : Business & Economics
ISBN : 9781118240113

Get Book

Investing in the High Yield Municipal Market by Triet Nguyen Pdf

A practical guide to profiting from the high yield municipal market This unique guide to the high yield municipal bond market sheds some much-needed light on this esoteric but profitable corner of the fixed-income world. It fills the void between the general reference handbooks on municipal bonds and the superficial treatment of do-it-yourself bond guides, with an emphasis on practical trading applications. Having witnessed the beginning of the modern high yield tax-exempt institutional market, author Triet Nguyen documents its historical evolution, outlines a conceptual framework for high yield tax-free investing, one that takes into account both interest rate and credit cycles, and reviews the latest historical data on municipal defaults, including for the first time the non-rated sector. Current distressed opportunities are also discussed. Along the way, Nguyen takes the time to discuss in detail the pros and cons of investing in pre-packaged high yield vehicles—from mutual funds to hedge funds to exchange-traded funds—with frank and objective insider tips on how these slickly marketed products really work. For the truly committed investor who wants to do his or her own homework, Nguyen and a group of industry experts go over the key investment considerations for several major classes of high yield tax-exempt bonds. Offers unique insights into the risk/return, trading, and liquidity characteristics of high yield municipal instruments Includes interesting case studies to fully illustrate the high yield investing process Written by an insider of both the asset management industry and the broker-dealer community Investing in the High Yield Municipal Market will put you in a better position to profit in this arena and help you excel in today's tough financial environment.

Author : Public Securities Association
Publisher : Bond Market Association
Page : 248 pages
File Size : 49,5 Mb
Release : 1990
Category : Municipal bonds
ISBN : UCSC:32106010714407

Get Book

Fundamentals of Municipal Bonds by Public Securities Association Pdf

Author : Esme E. Faerber
Publisher : McGraw Hill Professional
Page : 270 pages
File Size : 42,6 Mb
Release : 2001-03-05
Category : Business & Economics
ISBN : 9780071381123

Get Book

Fundamentals of The Bond Market by Esme E. Faerber Pdf

Understand the ins and outs of today's surprisingly versatile bond marketplace As stocks continue their roller-coaster ride, nervous investors will be looking at bonds. FUNDAMENTALS OF THE BOND MARKET gives you the tools you need to master this complex market so you can diversify your portfolio, and get reliable income and safety of principal. Author Esme Faerber has packed this guide with examples, quizzes, checklists, and plain-English explanations to enhance your understanding of everything from the basics of buying and selling to bond ratings, government and international securities, call and convertible features, portfolio management, and more. Before you risk money in real-time trading, let this hands-on tool bring you up to speed on: *Three steps that determine the best bond mutual fund for any investor *Corporate, Municipal, Convertible and Zero-Coupon Bonds - which to buy for individual portfolios *Treasury securities - how and why to invest in T-bills, notes, and bonds *Tips of the Trade - techniques to calculate yields, buy and sell different types of bonds, and more

Author : Anonim
Publisher : Bond Market Association
Page : 250 pages
File Size : 46,7 Mb
Release : 1987
Category : Business & Economics
ISBN : UOM:39076000816525

Get Book

Fundamentals of Municipal Bonds by Anonim Pdf

Author : Andrew Kalotay
Publisher : Andrew Kalotay Associates
Page : 186 pages
File Size : 42,6 Mb
Release : 2021-03-05
Category : Electronic
ISBN : 1736594702

Get Book

Interest Rate Risk Management of Municipal Bonds by Andrew Kalotay Pdf

It is an oft-repeated mantra that "munis are different" and that standard analytical tools are irrelevant to managing them. Andrew Kalotay certainly agrees that munis are different. In fact, they are more complex than just about any other bond category. Munis are rich in options, their pricing is tax-dependent, the benchmark curves are comprised of callable bond yields ... and the list goes on. Dr. Kalotay argues that the complexities of munis actually mandate the use of modern fixed income analytics. He demonstrates the necessity for option-adjusted spread (OAS) technology, and exposes the potential pitfalls of risk management by "yield-to-worst." And he offers an in-depth discussion of the de minimis tax effect, which depresses the prices of discount munis. The breakthrough concept of tax-neutral OAS analysis accurately captures this effect. Without tax-neutral OAS, discount munis look deceptively cheap, and their durations are grossly underestimated. Risk managers should sit up and take notice.