The Basics of Bonds

Guides the investor through the complexities of the bond market, showing readers how to begin and maintain an effective program of investing in bonds and other fixed-interest investments--including money market accounts, treasury bills and notes, municipal bonds, corporate bonds, convertible bonds and junk bonds. There are detailed discussions on such vital topics as: What bonds are and how they behave; how to figure bond yields; what tax exemption really means; where and how to look for the best buys in each bond category. Author Gerald Krefetz clearly contrasts various investment strategies--safety versus risk, low-yield government bonds versus high-yield junk bonds, tax-free versus taxable bonds--and tells how to create a balanced, profitable bond portfolio. Also included are tables that calculate yields to maturity and other financial data. The bond market can be confusing, but with The Basics of Bonds, the new bond investor will have exactly the right information to succeed in this hot investment field.