Investing in the High Yield Municipal Market How to Profit from the Current Municipal Credit Crisis and Earn Attractive Tax-Exempt Interest Income |
|
| Author:
| Nguyen, Triet |
| Series title: | Bloomberg Financial Ser. |
| ISBN: | 978-1-118-22699-5 |
| Publication Date: | May 2012 |
| Publisher: | John Wiley & Sons, Incorporated
|
| Book Format: | Ebook |
| List Price: | Contact Supplier contact
|
Book Description:
|
A practical guide to profiting from the high yield municipal market This unique guide to the high yield municipal bond market sheds some much-needed light on this esoteric but profitable corner of the fixed-income world. It fills the void between the general reference handbooks on municipal bonds and the superficial treatment of do-it-yourself bond guides, with an emphasis on practical trading applications.
Having witnessed the beginning of the modern high yield...
More Description
A practical guide to profiting from the high yield municipal market This unique guide to the high yield municipal bond market sheds some much-needed light on this esoteric but profitable corner of the fixed-income world. It fills the void between the general reference handbooks on municipal bonds and the superficial treatment of do-it-yourself bond guides, with an emphasis on practical trading applications.
Having witnessed the beginning of the modern high yield tax-exempt institutional market, author Triet Nguyen documents its historical evolution, outlines a conceptual framework for high yield tax-free investing, one that takes into account both interest rate and credit cycles, and reviews the latest historical data on municipal defaults, including for the first time the non-rated sector. Current distressed opportunities are also discussed. Along the way, Nguyen takes the time to discuss in detail the pros and cons of investing in pre-packaged high yield vehicles-from mutual funds to hedge funds to exchange-traded funds-with frank and objective insider tips on how these slickly marketed products really work. For the truly committed investor who wants to do his or her own homework, Nguyen and a group of industry experts go over the key investment considerations for several major classes of high yield tax-exempt bonds.
- Offers unique insights into the risk/return, trading, and liquidity characteristics of high yield municipal instruments
- Includes interesting case studies to fully illustrate the high yield investing process
- Written by an insider of both the asset management industry and the broker-dealer community
Investing in the High Yield Municipal Market will put you in a better position to profit in this arena and help you excel in today's tough financial environment.