Series 7: 3.4.3.4 Listing Of Bond Offerings

Taken from our Series 7 Top-off Online Guide

3.4.3.4  Listing of Bond Offerings

Most municipals are quoted and traded on a yield to maturity basis. This type of quote is called a basis quote. Some long-maturity revenue bonds are quoted and traded like corporate bonds as a percentage of par. These are known as dollar bonds. Dollar bonds are usually large-issue term securities, rather than serial issues, and they are traded fairly actively.

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