The Fundamentals of Municipal Bonds, 6th Edition

Praise for The Fundamentals of Municipal Bonds

"How far municipal bonds have come since I joined the bond business in 1963 and the first edition of The Fundamentals of Municipal Bonds was placed in my hands! Long-term issuance hit all of $10 billion a year, genaral obligation bonds constituted 95 percent of the municipal bond market, and 'they're safe, they're tax-free, and they don't fluctuate much' could almost have said it all. Fast forward a half century to the Sixth Edition which sheds lights on the $2.9 trillion in municipal bonds now outstanding. Writer Neil O'Hara has performed a feat of clarity and omniscience for SIFMA, explaining and fitting all the pieces, players, and moving parts of this ever expanding municipal bond market into a coherent whole. Read and underline, ye beginners at bonds, salty old pros, elected officials, attorneys at law, financial writers, quants, wonks, and believers in public investment in the physical underpinnings of our quality of life. Munis are the one tool you've got for lifting this magnificent country off its magnificent bottom. And here is literally everything you need to know to do it."
—Jim Lebenthal, Lebenthal & Co. LLC

"The Fundamentals of Municipal Bonds is an excellent survey of key topics in municipal finance that can be read from cover-to-cover by lawyers, bankers, professional investors, issuers, and others starting out in the municipal bond market. In addition to describing the roles of key participants in the issuance and trading of municipal securities, Neil O'Hara gives a useful overview of the most prevalent types of financings in cogent language. Major tax and securities law issues are brought up-to-date, and veterans of public finance will find the discussion of current topics, such as derivative products, a useful reference guide that makes difficult issues easily accessible."
—Robert Fippinger, Senior Counsel, Orrick, Herrington & Sutcliffe LLP