Book & podcast collection

Adventures in Muniland

byMichael F. Comes,David R. KotokandJohn R. Mousseau

Michael Comes, David Kotok, and John Mousseau guide readers through the municipal-bond market, where state and local governments finance schools, roads, hospitals, utilities, and other public projects. They explain credit analysis, tax treatment, bond structures, interest-rate risk, insurance, liquidity, and the differences among issuers. Using market episodes and practitioner experience, the book shows why “munis” cannot be treated as a single uniform asset class. It helps investors understand how public finance, local economics, pensions, politics, and legal protections combine to determine both the income opportunity and the risks behind tax-exempt bonds.

Publisher

Publisher not listed

Publication date

2020

Format

Print edition

Pages

—

ISBN

9780985344740