The Fundamentals of Municipal Bonds

About this book

Praise for the Classic Guide to the Bond Market "This is simply the most comprehensive useful look-it-up book onmunicipal bonds Ive ever read (said with all due respect to TheABC of Municipal Bonds my dad wrote in 1937 when I was nine). ReadFundamentals cover to cover. Im keeping mine in my briefcase under my arm at my fingertips. No accountant financial advisor attorney new bond salesman reporter regulator test-writer cautious suspicious first-time investor in municipal bonds ordinner guest is ever going to catch me again with a question aboutmunicipal bonds I cant answer."-Jim Lebenthal Chairman Lebenthal& Co. "Judy Wesalo Temel gives us the Rosetta stone of the municipal bondmarket the key to unraveling the many mysteries of munis. Herbook a fresh take on the old standard Fundamentals of MunicipalBonds updates chapter and verse on everything from investing tounderwriting from over-the-counter to over-the-Internet. The styleis clean crisp and as simple as this complex subject can be. Areyou a novice who wonders how to invest in bonds? She lays out thebasics. Examples are easy to follow-even the mathematical ones thatare critical to explaining how municipal bonds work. At the sametime there is plenty of meat for the pros. Whether you need tostart from square one and learn all about municipal bonds and howthey work or need a ready reference for specific technicalquestions you run across as a market professional this book is foryou."-Kathleen Hays Economics Editor Credit Markets Reporter and"Bond Belle" CNBC "This is a must-read for every scholar banker and public officialconcerned with local government finance in the United States. JudyWesalo Temel has done the impossible: she has clearly andinsightfully explained how we finance the development of thenations vital public infrastructure. This is an important book one that will be required reading for professionals responsible forplanning designing and evaluating publicly financed projects-thehealth care transportation and educational facilities that allcitizens rely upon. The bond market is an essential element in thelife of local and state government and this book makes itunderstandable to all Americans."-Mitchell Moss Henry Hart RiceProfessor of Urban Planning and Director Taub Urban ResearchCenter Robert F. Wagner Graduate School of Public Service NewYork University