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How the Bond Market Works: Second Edition (New York Institute of Finance)

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Description

First published in 1988, this guide has been completely up to date to reflect changes within the debt-instrument market. This revised edition provides current information at the different bond instruments, their relative risks and advantages, underwriting, markets, listings and quotations, and purchase/sell procedures. This edition also includes: expanded coverage of the municipal bond market – the commercial risk of issuers, derivatives and their use, the usage of municipal bond insurance, and the proposed building up in regulation; increased coverage of collateralized mortgage obligations (CMOs) – quite a lot of issuers and kinds, risks, usage, market size and the usage of derivatives.

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