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Afficher les exemplaires de cette édition ISBNThis 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.
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.
Praise for Investing in the High Yield Municipal Market
"In a market where understanding the arcane is essential to reducing one′s investment risk, Mr. Nguyen provides a well written road map for the various types of high yield municipal bonds."
Richard Lehmann Publisher, Distressed Debt Securities Newsletter
"I applaud the discipline and thoroughness Triet offers the readers of this book, which sheds important light on a little understood but oft mentioned topic of high yield municipals."
James T. Colby III Senior Municipal Strategist/Portfolio Manager, Van Eck Global
"Any individual investor considering navigating the turbulent seas of high yield municipal bonds should have a copy of Triet Nguyen′s book as their guide."
Alexandra Lebenthal CEO, Lebenthal and Company
"Triet has shed some valuable light on what has often been an undervalued and somewhat opaque asset class. For the layman as well as the bond market veteran, this comprehensive guide is a welcome resource."
Thomas C. Sulger Managing Partner/CEO, Gates Capital Corporation
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Description du livre Hardcover. Etat : Good. Good. book. N° de réf. du vendeur D8S0-3-M-1118175476-3
Description du livre Etat : Good. Good condition. This is the average used book, that has all pages or leaves present, but may include writing. Book may be ex-library with stamps and stickers. N° de réf. du vendeur 353-1118175476-gdd
Description du livre Etat : Fair. Buy with confidence! Book is in acceptable condition with wear to the pages, binding, and some marks within. N° de réf. du vendeur bk1118175476xvz189zvxacp