Taxable Municipal Guide - Piper Jaffray
Taxable Municipal Guide - Piper Jaffray
Taxable Municipal Guide - Piper Jaffray
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September 2010<br />
<strong>Guide</strong> to the <strong>Guide</strong><br />
The following guide is divided into three main sections: individual state data, state rankings, and a<br />
listing of larger BAB issues, sorted several ways for easy reference.<br />
In the state section, we provide a one-page overview of each state, including a basic financial<br />
overview, ratings history, comparative municipal issuance and secondary trading information and<br />
a listing of the largest taxable municipal issues by type.<br />
In the state rankings section we provide a ranking of the states by various financial and issuance<br />
metrics, again to provide a better view of how the states compare to one another.<br />
Finally, in the issues section we provide a listing of Build America Bonds with $100 million or more<br />
outstanding along with some basic descriptive information plus our liquidity factors.<br />
The introduction of Build America Bonds and the other taxable municipal issues has made a<br />
significant impact on the municipal market. We trust this guide will help provide a good overview<br />
of the sector as well as providing a framework to help select issues for further analysis.<br />
14<br />
<strong>Piper</strong> <strong>Jaffray</strong> <strong>Taxable</strong> <strong>Municipal</strong> <strong>Guide</strong>
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