This informative volume is an update of the long-heralded classic text on the municipal securities market. Written by Judy Wesalo Temel for The Bond Market Association—the leading trade association that represents the players in this market and whose members underwrite 90% of all municipal bonds—this newly revised Fifth Edition deals comprehensively with the many recent developments in the municipal securities market. It provides a basic understanding of the market for a wide range of readers, including experienced professionals, public officials, private investors, academicians, and students. Major changes covered here include:

• The explosive growth of technology and e-commerce
• New disclosure regulations
• Size and composition of the business
• Size and composition of investors
• The use of credit enhancement
• The use of financial products

Along with the addition of an extensive new glossary of municipal terminology and a bibliography, The Fundamentals of Municipal Bonds provides detailed explanations and a variety of relevant examples to illuminate crucial areas such as:

• The Basics of Municipal Securities
• The Issuers
• The Primary and Secondary Markets
• Investing in Bonds
• Credit Analysis and Understanding Interest Rates
• Disclosure and Regulatory Requirements
• Financial Products

Illustrated with numerous tables, charts, and mathematical formulas, this indispensable volume serves as a guide, reference work, and portal to the municipal securities industry. No investor or student of the market can afford to be without this Fifth Edition.