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Record Nr. |
UNINA9910820164503321 |
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Autore |
O'Hara Neil |
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Titolo |
The fundamentals of municipal bonds / / Securities Industry and Financial Markets Association ; written by Neil O'Hara |
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Pubbl/distr/stampa |
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Hoboken, New Jersey : , : John Wiley & Sons, Inc., , 2012 |
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©2012 |
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ISBN |
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1-118-16684-1 |
1-118-16682-5 |
1-283-33252-3 |
9786613332523 |
1-118-16683-3 |
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Edizione |
[6th ed.] |
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Descrizione fisica |
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1 online resource (313 p.) |
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Collana |
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Classificazione |
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Altri autori (Persone) |
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Disciplina |
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332.63/2330973 |
332.632330973 |
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Soggetti |
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Municipal bonds - United States |
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Lingua di pubblicazione |
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Formato |
Materiale a stampa |
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Livello bibliografico |
Monografia |
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Note generali |
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Previous ed. entered under: Wesalo Temel, Judy. |
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Nota di bibliografia |
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Includes bibliographical references and index. |
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Nota di contenuto |
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The Fundamentals of Municipal Bonds; Contents; Preface; Writer's Acknowledgments; CHAPTER 1 Overview of the Municipal Bond Market; Introduction; The Issuers; Municipal Bond Dealers; The Lawyers; Financial Advisors, Specialists, and Other Consultants; The Rating Agencies; Bond Brokers; The Credit Enhancers; The Trustees and Paying Agents; The Investors; Information and Technology; The Regulators; Other Participants; CHAPTER 2 The Basics of Municipal Securities; Description of Municipal Securities; Yield and Price; Types of Yields; Tax Exemption of Municipal Bonds; Types of Municipal Bonds |
Short-Term SecuritiesOther Characteristics of Municipal Bonds; CHAPTER 3 The Issuers; Introduction; Authorities and Special Districts; The Theory of Municipal Debt: Pay-As-You-Use versus Pay-As-You-Go; The Uses of Municipal Debt; The Security for Municipal Bonds; The Financing Process; The Financing Documents; Structuring the Debt; State and Local Government Accounting; CHAPTER 4 The Primary Market; Issuance Trends in the Primary Market; The Basics of Underwriting; Negotiated Underwriting; Competitive Underwriting; |
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Orders and Procedures; CHAPTER 5 The Secondary Market; Introduction |
The Over-the-Counter MarketE-Commerce, Information, and Technology; Selling Municipal Bonds; The Basics of Municipal Bond Trading; Municipal Bond Trading; How a Trade Is Done; Municipal Futures; Providers of Data in the Municipal Market; Market Statistics and Indexes; MSRB Record-Keeping Rules; CHAPTER 6 Investing in Bonds; Introduction; The Basic Principles of Investing in Bonds; Measures of Yield and Return; Yield to Maturity and Price; Investment Objectives; Risk Factors; Investor Strategies; Taxation of Municipal Bonds; Other Investment Factors; Investor Categories |
CHAPTER 7 Credit AnalysisIntroduction; The Rating Agencies; The Rating Process; General Obligation Bonds; Revenue Bonds; Other Factors Affecting Credit; CHAPTER 8 Understanding Interest Rates; Introduction; Determinants of the Overall Level of Interest Rates; Term Structure of Interest Rates; Municipal Bond Rates; CHAPTER 9 Regulatory and Disclosure Requirements; Introduction; The Basis of Federal Tax Exemption; History of Federal Tax Legislation Affecting Municipal Securities; The Current Statutory Exemption; Application of Federal Securities Laws to Municipal Securities |
The Municipal Securities Rulemaking BoardCHAPTER 10 Financial Products; Introduction; Interest Rate Swaps; Interest Rate Caps, Floors, and Collars; Other Swap Products; Managing the Asset Side; Credit Default Swaps; APPENDIX Municipal Securities Rulemaking Board Rule G-33; Glossary; Bibliography; Web Sites; Books and Publications; About the Writer; Index |
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Sommario/riassunto |
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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 |
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