The Fundamentals of Municipal Bonds

The Fundamentals of Municipal Bonds

  • Used Book in Good Condition

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 .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.


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
.00
.00
.00
.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.

List Price: $ 75.00

Price:

3 thoughts on “The Fundamentals of Municipal Bonds”

  1. Ryan's March says:
    8 of 9 people found the following review helpful
    3.0 out of 5 stars
    Poorly Planned, September 4, 2013
    By 
    Ryan’s March (USA) –

    Verified Purchase(What’s this?)
    This review is from: The Fundamentals of Municipal Bonds (Hardcover)
    I found this book to be highly disjointed. I started working in Muni Finance a year ago and bought this book as a primer; although i have worked in finance prior.

    I honestly just did not gain much from the book. This book is great if you LITERALLY do not know the difference between Primary vs Secondary vs OTC markets. If you have zero idea how finance works at all this book MIGHT be a good start. Everything important in the MuniMarket is absent from this book. Does not explain securities well; does not differentiate between municipalities and authorities; does not properly explain conduit issuers and their incentives in REV bonds. Special Districts are brushed aside when they should be explored more…

    To put it simple – I agree with one line of Robert Fippinger’s endorsement “…securities law issues are brought up-to-date”

    Also the book is extremely overpriced and elongated. I would much rather suggest Encyclopedia of Municipal Bonds: A Reference Guide to Market Events, Structures, Dynamics, and Investment Knowledge (Bloomberg Financial) – half the size – same price – but it gives you a better idea of how the market function and also acts as a desktop glossary (a good one with references and information to follow up on).

    If you are looking for a COMPREHENSIVE view of the MuniBond market i would suggest buying The Handbook of Municipal Bonds (Frank J. Fabozzi Series) – and skip the dense material that is irrelevant.

    Another great book to supplement reading is Municipalities in Distress?: How States and Investors Deal with Local Government Financial Emergencies (Volume 1) – which will show you the independent nature of the formation of regulation in the field.

    0

    Help other customers find the most helpful reviews 

    Was this review helpful to you? Yes
    No

  2. hd says:
    5 of 7 people found the following review helpful
    5.0 out of 5 stars
    A Great Intro to the Muni Bond Market, August 14, 2012
    By 
    hd

    Verified Purchase(What’s this?)
    This review is from: The Fundamentals of Municipal Bonds (Hardcover)
    I recently graduated from law school and secured a position working with a boutique municipal bond law practice. I had little knowledge of the muni bond market and wanted to learn more about the field before starting my job. This book is an extremely valuable resource that explains, in very understandable terms, the ins and outs of municipal bond finance. I would highly recommend this book to anyone looking for a thorough introduction into the world of muni bonds. Only a basic knowledge of finance is required to understand the explanations provided.

    0

    Help other customers find the most helpful reviews 

    Was this review helpful to you? Yes
    No

  3. Tony Vangi says:
    1 of 1 people found the following review helpful
    4.0 out of 5 stars
    Haven’t finished it yet but excellent reference book, June 23, 2014
    By 

    Verified Purchase(What’s this?)
    This review is from: The Fundamentals of Municipal Bonds (Hardcover)
    If you know nothing about municipal bonds, and even if you have no fixed income knowledge at all, this book is easily understandable.

    0

    Help other customers find the most helpful reviews 

    Was this review helpful to you? Yes
    No

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.