Investing in the High Yield Municipal Market: How to Profit from the Current Municipal Credit Crisis and Earn Attractive Tax-Exempt Interest Income

Note moyenne 5
( 1 avis fournis par Goodreads )
 
9781118175477: 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 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.

Les informations fournies dans la section « Synopsis » peuvent faire référence à une autre édition de ce titre.

Review :




More to Explore: See More Guides to Municipal Bonds

 


    Title
Bloomberg Visual Guide
to Municipal Bonds
Encyclopedia
of Municipal Bonds
The Fundamentals
of Municipal Bonds
Investing in the High
Yield Municipal Market
  Guide Type Visual Tutorial Encyclopedia Comprehensive Text Applied Investing Strategy
  Audience Level Intermediate Intermediate/Advanced Intermediate/Advanced Advanced
  Pages 208 215 297 272
  List Price $60.00 $95.00 $75.00 $95.00
  Author(s) Robert Doty Joseph Mysak SIFMA Association Triet Nguyen
  Publication Date March 2012 January 2012 December 2011 July 2012
  Imprint Bloomberg Press Bloomberg Press Wiley Bloomberg Press
  Print Book 1118152557 1118006755 0470903384 1118175476
  Kindle Book B007GZIAFY B0067PZ642 B006063GGS B008ATE9OG
  Edition 1 1 6 1
  Brief Description Utilizes Bloomberg graphs & charts to visually teach municipal bonds market. For the savvy investor & intermediate professional. Comprehensive, accessible reference by leading journalistic voice in the municipal industry. Covers the history & mechanics of the municipal market. Full revision of the preeminent text in the field. Thorough survey of essential topics across the buy and sell side, supported by industry leader SIFMA. Fills a void between general reference handbooks on municipal bonds by emphasizing actionable and practical trading applications.

From the Inside Flap :

Until now, readers seeking a working knowledge of high yield munis had two options: they could wade through the rare general reference on the municipal bond markets in hopes of chancing upon the stray nugget or two of useful investing information; or they could take their chances with the superficial coverage provided by the typical do-it-yourself bond guide. Enter Investing in the High Yield Municipal Market. The first and only book devoted exclusively to the subject, it provides investors with the kind of practical, insider information they need to prosper from this little-understood, highly profitable corner of the fixed-income world.

Few authors are as uniquely qualified as Triet Nguyen to write such a book. He is a thirty-year veteran of the fixed-income markets, during which he witnessed the creation of the modern high yield tax-exempt institutional market. Writing from firsthand experience, he chronicles the market's evolution, while providing a gold mine of useful information on its historical performance, and also:

  • Develops a conceptual framework for high yield, tax-free investing that factors in both interest rate and credit cycles
  • Reviews the latest historical data on municipal defaults, including, for the first time, the non-rated sector
  • Frankly assesses the pros and cons of high-yield mutual funds, ETFs, and hedge funds, with insights into how these slickly-marketed vehicles really work
  • Offers in-depth coverage of the inherent risks and rewards of the $28 billion distressed municipal bond market
  • Features fascinating and instructive case studies illustrating, step-by-step, how the high yield investing process works
  • And for investors prepared to do their own homework, Mr. Nguyen, supported by a team of industry experts, supplies in-depth coverage of key investment considerations for several major classes of high yield tax-exempt bonds, offering unique insights into the risk/return, trading, and liquidity characteristics of high yield municipal instruments.

Written by an industry insider and offering the practical, in-depth information needed to exploit the many exciting opportunities available in this fixed-income arena, Investing in the High Yield Municipal Market is an indispensable working resource for institutional and individual investors as well as wealth managers and financial advisors.

Les informations fournies dans la section « A propos du livre » peuvent faire référence à une autre édition de ce titre.

Meilleurs résultats de recherche sur AbeBooks

1.

Triet Nguyen
Edité par Wiley (2012)
ISBN 10 : 1118175476 ISBN 13 : 9781118175477
Neuf(s) Couverture rigide Quantité : 1
Vendeur
Irish Booksellers
(Rumford, ME, Etats-Unis)
Evaluation vendeur
[?]

Description du livre Wiley, 2012. Hardcover. État : New. book. N° de réf. du libraire 1118175476

Plus d'informations sur ce vendeur | Poser une question au libraire

Acheter neuf
EUR 88,61
Autre devise

Ajouter au panier

Frais de port : Gratuit
Vers Etats-Unis
Destinations, frais et délais

2.

Nguyen, Triet
Edité par Wiley (2012)
ISBN 10 : 1118175476 ISBN 13 : 9781118175477
Neuf(s) Couverture rigide Quantité : 2
Vendeur
Murray Media
(North Miami Beach, FL, Etats-Unis)
Evaluation vendeur
[?]

Description du livre Wiley, 2012. Hardcover. État : New. N° de réf. du libraire P111118175476

Plus d'informations sur ce vendeur | Poser une question au libraire

Acheter neuf
EUR 110,41
Autre devise

Ajouter au panier

Frais de port : EUR 2,57
Vers Etats-Unis
Destinations, frais et délais