All Categories
Product Description 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. Amazon.com Review More to Explore: See More Guides to Municipal Bonds Title Bloomberg Visual Guide to Municipal Bonds Encyclopedia of Municipal Bonds The Fundamentals of Municipal Bonds Investing in the High Yield Municipal Market Guide Type Visual Tutorial Encyclopedia Comprehensive Text Applied Investing Strategy Audience Level Intermediate Intermediate/Advanced Intermediate/Advanced Advanced Pages 208 215 297 272 List Price $60.00 $95.00 $75.00 $95.00 Author(s) Robert Doty Joseph Mysak SIFMA Association Triet Nguyen Publication Date March 2012 January 2012 December 2011 July 2012 Imprint Bloomberg Press Bloomberg Press Wiley Bloomberg Press Print Book 1118152557 1118006755 0470903384 1118175476 Kindle Book B007GZIAFY B0067PZ642 B006063GGS B008ATE9OG Edition 1 1 6 1 Brief Description Utilizes Bloomberg graphs & charts to visually teach municipal bonds market. For the savvy investor & intermediate professional. Comprehensive, accessible reference by leading journalistic voice in the municipal industry. Covers the history & mechanics of the municipal market. Full revision of the preeminent text in the field. Thorough survey of essential topics across the buy and sell side, supported by industry leader SIFMA. Fills a void between general reference handbooks on municipal bonds by emphasizing actionable and practical trading applications. From the Inside Flap Praise for The Fundamentals of Municipal Bonds “How far municipal bonds have come since I joined the bond business in 1963 and the first edition of The Fundamentals of Municipal Bonds was placed in my hands! Long-term issuance hit all of $10 billion a year, general obligation bonds constituted 95 percent of the municipal bond market, and ‘they’re safe, they’re tax-free, and they don’t fl