000 03204nam a2200337 a 4500
005 20250918192345.0
008 130730s2012 njua 001 0 eng
020 _a9781118175477 (hbk.)
_cRM238.54
039 9 _a201311221351
_bzaina
_c201311081601
_drahah
_y07-30-2013
_zrahah
040 _aDLC
_cDLC
_dUKM
043 _an-us---
090 _aHG4952.N498
090 _aHG4952
_b.N498
100 1 _aNguyen, Triet,
_d1956-
245 1 0 _aInvesting in the high yield municipal market :
_bhow to profit from the current municipal credit crisis and earn attractive tax-exempt interest income /
_cTriet Nguyen.
260 _aHoboken, N.J. :
_bWiley,
_c2012.
300 _axix, 264 p. :
_bill. ;
_c23 cm.
490 0 _aBloomberg financial series.
504 _aIncludes 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'--
_cProvided by publisher.
650 0 _aMunicipal bonds
_zUnited States.
650 0 _aGovernment securities
_zUnited States.
907 _a.b15691597
_b2019-11-12
_c2019-11-12
942 _c01
_n0
_kHG4952.N498
914 _avtls003536052
990 _azsz
991 _aFakulti Ekonomi dan Pengurusan
998 _at
_b2013-04-07
_cm
_da
_feng
_gnju
_y0
_z.b15691597
999 _c551779
_d551779