Credit matters. That’s the crux of the newly released book, “Investing in the High-Yield Municipal Market,” written by Triet Nguyen, a 30-year veteran of the fixed-income market who used his years of experience in research and trading within the complex segment of the industry as a springboard for the 254-page publication.

In it, he offers up the  history, risks and default records of high-yield municipal bonds as well as case studies. He describes common and special types of high-yield municipal securities and discusses defaults, bankruptcies and high-yield investing in the post-bond insurance era.

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