History of municipal bond defaults. Orange county bankruptcy. Agenda. What is Municipal bond? What is default? Default risks? What happened to Orange county in 1994? Why?? How??? Summary. Municipal Bond. Brief Introduction. A Municipal bond is issued by a local government or agencies.
Orange county bankruptcy
Wenqian Chen (fRANCES)
aPRIL 30th, 2013
A Municipal bond is issued by a local government or agencies.
Municipal bonds may be general obligations of the issuer or secured by specified revenues.
interest income received by holders of municipal bonds is often exempt from federal and state income tax.
municipal bonds are free to trade at any time once they are purchased by the investor.