Crystal City, Texas, has reached an agreement with the Internal Revenue Service to settle tax rule violations and preserve the tax-exempt status of interest already paid on $13.94 million of jail bonds issued by an authority in 2003 and now in default.
Sophisticated investors are grabbing for high-yield municipal debt whenever they can find it, creating demand for alternatives beyond the Puerto Rico, Detroit, and tobacco bonds that dominate the non-investment grade segment of the secondary market.
This course reviews the basics of swap contracts, defines how they differ from fixed income securities and how fixed income investors use them as part of their investment, issuance and hedging strategies.
Taught by professional with extensive hands-on experience
Five lessons include video lectures, review quizzes & interactive resources
Earn 2.5 CPE credit hours for just $159. Field of Study: Finance | Level: Intermediate