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.
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.
More to Explore: See More Guides to Municipal Bonds
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:
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.
Description du livre Wiley, 2012. Hardcover. État : New. book. N° de réf. du libraire 1118175476
Description du livre Wiley, 2012. Hardcover. État : New. N° de réf. du libraire P111118175476