Contents
Chapter 1: The Basics of High Yield Municipal Bonds
What Is a High Yield Municipal Bond?
Chapter 2: A Brief History of the High Yield Muni Market
Historical High Yield Opportunities
The Credit Crisis of 2008 and Its Aftermath
Chapter 3: The Investment Case for High Yield Municipals
High Yield Municipals versus Other Asset Classes
The Impact of Bond Evaluations
Six Basic Tenets of High Yield Municipal Investing
Chapter 4: High Yield Credit Risk Revisited: The Default Record
Default Record for Rated Bonds
Default Record for Unrated Bonds
Recent Default and Impairment Statistics
Lessons from Historical Default Records
Chapter 5: Professionally Managed High Yield Municipal Products
Chapter 6: Investing in Individual Bonds
A Few Preliminary Considerations
Investing in the Primary or New Issue Market
Investing in the Secondary Market
Executing Trades in the Secondary Market
Chapter 7: Investing in Distressed Bonds
The Distressed Municipal Universe
The Theory and Practice of Distressed Municipal Investing
Distressed Opportunity: National Benevolent Association
Get Investing in the High Yield Municipal Market: How to Profit from the Current Municipal Credit Crisis and Earn Attractive Tax-Exempt Interest Income now with the O’Reilly learning platform.
O’Reilly members experience books, live events, courses curated by job role, and more from O’Reilly and nearly 200 top publishers.