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U.S. Municipal Bond Market

In this course, IBKR senior market analyst Steven Levine provides essential details about the U.S. municipal bond market, including the types of securities investors typically encounter such as general obligation bonds and revenue bonds. We’ll also offer you some tools to enable you to obtain a better understanding of the risks involved with municipal securities and how they may be mitigated, along with certain tax considerations. Lastly, we’ll walk you through the IBKR Trader Workstation, where you can locate certain municipal bonds in the secondary market, create charts and conduct due diligence to help inform your investment decisions.

The sample video below is a lesson entitled: U.S. Municipal Bond Market – Lesson 5: Ratings & Insurance.

To view the entire course, access IBKR’s Traders’ Academy.

Interactive Brokers’ senior market analyst Steven Levine provides an overview of ratings agencies (NRSROs) and bond guarantors and conducts an interview with Ed Grebeck, global debt strategist and CEO of Tempus Advisors, for further insights. Grebeck, who gave one of the earliest warning signs about the 2008-09 global financial crisis, also warns about political/governance risk in today’s municipal securities market.

IBKR’s Traders’ Academy offers complimentary courses which use a blended delivery of lessons, videos, quizzes and notes to help clients have a better understanding of the asset classes, markets, currencies, tools and functionality available on IBKR’s award-winning Trader Workstation (TWS), IBKR Mobile, Client Portal and TWS API applications.  Plus, we have partnered with several third parties to create courses on a variety of introductory and intermediate topics.  It’s easy to start, just register on Traders’ Academy for full courses and begin to watch lessons and take quizzes to test your knowledge!

Disclosure: Interactive Brokers

The analysis in this material is provided for information only and is not and should not be construed as an offer to sell or the solicitation of an offer to buy any security. To the extent that this material discusses general market activity, industry or sector trends or other broad-based economic or political conditions, it should not be construed as research or investment advice. To the extent that it includes references to specific securities, commodities, currencies, or other instruments, those references do not constitute a recommendation by IBKR to buy, sell or hold such investments. This material does not and is not intended to take into account the particular financial conditions, investment objectives or requirements of individual customers. Before acting on this material, you should consider whether it is suitable for your particular circumstances and, as necessary, seek professional advice.

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