The Fundamentals of Municipal Bonds 5e

This informative volume is an update of the long-heralded classic text on the municipal securities market. Written by Judy Wesalo Temel for The Bond Market Association--the leading trade association that represents the players in this market and whose members underwrite 90% of all municipal bonds--this newly revised Fifth Edition deals comprehensively with the many recent developments in the municipal securities market. It provides a basic understanding of the market for a wide range of readers, including experienced professionals, public officials, private investors, academicians, and students. Major changes covered here include:

• 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 of municipal terminology and a bibliography, The Fundamentals of Municipal Bonds provides detailed explanations and a variety of relevant examples to illuminate crucial areas such as:

• The Basics of Municipal Securities
• The Issuers
• The Primary and Secondary Markets
• Investing in Bonds
• Credit Analysis and Understanding Interest Rates
• Disclosure and Regulatory Requirements
• Financial Products

Illustrated with numerous tables, charts, and mathematical formulas, this indispensable volume serves as a guide, reference work, and portal to the municipal securities industry. No investor or student of the market can afford to be without this Fifth Edition.