Investing in the high yield municipal market : how to profit from the current municipal credit crisis and earn attractive tax-exempt interest income /

"A practical guide to profiting from the high yield municipal marketThis 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 bon...

Πλήρης περιγραφή

Λεπτομέρειες βιβλιογραφικής εγγραφής
Κύριος συγγραφέας: Nguyen, Triet, 1956-
Μορφή: Ηλ. βιβλίο
Γλώσσα:English
Έκδοση: Hoboken, N.J. : Wiley, 2012.
Σειρά:Bloomberg financial series.
Θέματα:
Διαθέσιμο Online:Full Text via HEAL-Link
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100 1 |a Nguyen, Triet,  |d 1956- 
245 1 0 |a Investing in the high yield municipal market :  |b how to profit from the current municipal credit crisis and earn attractive tax-exempt interest income /  |c Triet Nguyen. 
264 1 |a Hoboken, N.J. :  |b Wiley,  |c 2012. 
300 |a 1 online resource. 
336 |a text  |b txt  |2 rdacontent 
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490 1 |a Bloomberg financial series 
500 |a Includes index. 
500 |a Machine generated contents note: Foreword Preface Acknowledgments Chapter 1: The Basics of High-Yield Municipal Bonds What Is A High-Yield Municipal Bond? Common Yield Measurements Key Risk Factors Notes Chapter 2: A Brief History of the High Yield Muni Market Notes Chapter 3: The Investment Case for High Yield Municipals High Yield Municipals vs. Other Asset Classes The Impact of Bond Evaluations Six Basic Tenets of High Yield Municipal Investing Chapter 4: High Yield Credit Risk Revisited: The Default Record Definitions of Default Default Record for Rated Bonds Default Record for Unrated Bonds Recent Default and Impairment Statistics Recovery Rates Lessons from Historical Default Record Notes Chapter 5: Professionally-Managed High Yield Municipal Products Actively Managed Products Passively Managed Products Notes References Chapter 6: Investing In Individual Bonds (Richard Daskin, CFA, CFP) A Few Preliminary Considerations Investing in the Primary or New Issue Market Investing in the Secondary Market Executing Trades in the Secondary Market Monitoring Your Holdings Chapter 7: Investing In Distressed Bonds The Distressed Municipal Universe The Theory and Practice of Distressed Municipal Investing Notes Chapter 8: Case Studies Distressed Opportunity: National Benevolent Association Fallen Angel: Denver International Airport Notes Chapter 9: Managing Bond Defaults and Bankruptcies (Kenji Mochizuki, CIRA) Nine Differences between Chapter 9 and 11 Bondholders' Rights and Remedies in Workouts Accounting Issues Related to Chapter 9 References Chapter 10: Common Types of High Yield Municipal Bonds (Patrick Flanagan, James Lyman, Keith Rochelli, and Ken Rogozinski) Corporate-Backed Municipal Bonds Hospital Revenue Bonds Toll Road Bonds Housing Bonds Continuing Care Retirement Communities (CCRC) Bonds Notes Chapter 11: Special Types of High Yield Municipal Bonds (Richard Larkin and Shannan Wilson) Tobacco Settlement Bonds Land-Secured Bonds Notes References Chapter 12: Up-And-Coming High Yield Sectors (Jon Barasch, Edward Krauss, Jeffrey Lamb, Matt Eden, and Melissa Robertson) Charter School Bonds Native American Gaming Bonds Chapter 13: High Yield Investing in the Post-Bond Insurance Era Learning from History Prospects for Tax Reform The New Compliance Landscape New Credit Opportunities Advances in Trading and Price Discovery Technology Buy American! Appendix: The Dodd-Frank Act and the Municipal Market (Kenjo Mochizuki) Regulation of Municipal Securities Changes to the Board of the MSRB Commission Office of Municipal Securities Municipal Securities Studies References About the Author About the Contributors Index. 
520 |a "A practical guide to profiting from the high yield municipal marketThis 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"--  |c Provided by publisher. 
588 0 |a Print version record and CIP data provided by publisher. 
504 |a Includes bibliographical references and index. 
505 0 |a Investing in the High Yield Municipal Market: How to Profit from the Current Municipal Credit Crisis and Earn Attractive Tax-Exempt Interest Income; Contents; Foreword; Preface; Acknowledgments; Chapter 1: The Basics of High Yield Municipal Bonds; What Is a High Yield Municipal Bond?; Common Yield Measurements; Current Yield; Yield-to-Worst; Yield-to-Average-Life; Taxable Equivalent Yield; Key Risk Factors; Interest Rate Risk; Credit Risk; Liquidity Risk; Reinvestment Risk; Legal Risk; Political Risk; Taxability Risk; Notes; Chapter 2: A Brief History of the High Yield Muni Market. 
650 0 |a Municipal bonds  |z United States. 
650 0 |a Government securities  |z United States. 
650 4 |a Municipal bonds  |x United States. 
650 4 |a Government securities  |x United States. 
650 4 |a Government securities  |z United States. 
650 4 |a Municipal bonds  |z United States. 
650 7 |a BUSINESS & ECONOMICS  |x Finance.  |2 bisacsh 
650 7 |a Government securities.  |2 fast  |0 (OCoLC)fst00945597 
650 7 |a Municipal bonds.  |2 fast  |0 (OCoLC)fst01029183 
650 7 |a Municipal bonds / United States.  |2 local 
650 7 |a Government securities / United States.  |2 local 
651 7 |a United States.  |2 fast  |0 (OCoLC)fst01204155 
655 4 |a Electronic books. 
655 0 |a Electronic books. 
776 0 8 |i Print version:  |a Nguyen, Triet, 1956-  |t Investing in the high yield municipal market.  |d Hoboken, N.J. : Wiley, 2012  |z 9781118175477  |w (DLC) 2012005821 
830 0 |a Bloomberg financial series. 
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