|WikiProject Finance & Investment||(Rated C-class, Mid-importance)|
Risks: Add ratings downgrade risk ?
Risks could be expanded to add a ratings downgrade risk. Municipal bonds have low liquidity and consequently suffer large drops in price after a significant ratings downgrade. —Preceding unsigned comment added by 22.214.171.124 (talk) 16:28, 18 August 2009 (UTC)
"While I am not a mathematician..."
Can someone cleanup the section that begins "While I am not a mathematician..."? Thanks. Finnancier 07:45, 30 September 2007 (UTC)
High Grade Munincipal Bonds
- I need information on High Grade Munis but I see that this article lacks information, and I cant find it anywhere. Does anyone know anything about these? If so, please input your knowlegde.
The link 'certificate of participation' at the end of this section points innapropriately to an article on 'certificate of deposit'. 04:12, 22 January 2012 (UTC) — Preceding unsigned comment added by Mbrannick (talk • contribs)
This article seems US-centric
- yes, though other countries markets aren't as well developed; your own country has them (read here): . I agree as written this is currently a bit US-centric, and would benefit to being made more global, with perhaps a section specific to the US muni bond market which is I think the largest in the world and attracts global investors, I've tagged it so hopefully someone with expertise can help.--Obi-Wan Kenobi (talk) 07:27, 5 December 2013 (UTC)
Yes many other countries have municipal bonds or near equivalents. For example Canada, South Africa and UK. I don't know the history of the term, but my impression is that the idea may be more common in Common Law countries. But on the continent I think there are some of these bonds, they may be called "local authority bonds". However, this article is clearly focusing on the US Municipal bond market of which I have a good understanding. The terms below such as General Obligations and Revenue are specific creatures of the US and the States. Because there are so many states in the US and many of their economies are large relative to other countries it is somewhat of a unique market. I don't agree this article should be broadened beyond the US, other than to clean up the definition and maybe have some reference and explanation about other countries. Due to the size of the market someone searching for "Municipal Bond" usually means US municipal bond. The bankruptcy and recovery laws and relation of the Federal and State governments is somewhat unique compared to other countries and is a product of both the US Constitution and tradition Greenbe (talk) 20:11, 2 August 2014 (UTC)
I'll try my hand at editing the main article to help define this and broaden it. I think a reference into a separate article about International Municipal Bonds or local authority equivalents is a good idea, but we need an expert to write it. I did some searching and I think because they are not so common or large elsewhere it is hard to find good material about them.Greenbe (talk) 20:14, 2 August 2014 (UTC)