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This informative volume is an update of the long-heralded classictext on the municipal securities market. Written by Judy WesaloTemel for The Bond Market Associationthe leading tradeassociation that represents the players in this market and whosemembers underwrite 90% of all municipal bondsthis newlyrevised Fifth Edition deals comprehensively with the many recentdevelopments in the municipal securities market. It provides abasic understanding of the market for a wide range of readers,including experienced professionals, public officials, privateinvestors, academicians, and students. Major changes covered hereinclude:
The explosive growth of technology and e-commerce
New disclosure regulations
Size and composition of the business
Size and composition of investors
The use of credit enhancement
The use of financial products
Along with the addition of an extensive new glossary ofmunicipal terminology and a bibliography, The Fundamentals ofMunicipal Bonds provides detailed explanations and a variety ofrelevant examples to illuminate crucial areas such as:
The Basics of Municipal Securities
The Primary and Secondary Markets
Investing in Bonds
Credit Analysis and Understanding Interest Rates
Disclosure and Regulatory Requirements
Illustrated with numerous tables, charts, and mathematicalformulas, this indispensable volume serves as a guide, referencework, and portal to the municipal securities industry. No investoror student of the market can afford to be without this FifthEdition.
Overview of the Municipal Bond Market.
The Basics of Municipal Securities.
The Primary Market.
The Secondary Market.
Investing in Bonds.
Understanding Interest Rates.
Regulatory and Disclosure Requirements.
About the Writer.
Posted August 14, 2010
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