This piece from Wells Fargo will help explain basic bond-swap strategies, reasons investors consider swapping bonds, some important rules to keep in mind, and how to get started.

KPM Financial’s White Paper analyzes the mechanics, benefits, risks, and pricing of SIFMA/LIBOR basis swaps.

KPM Financial designed this white paper to outline the basic mechanics, benefits, risks, uses, pricing, and valuation of interest rate swaps.

While low Treasury yields are a dream from some, they are a nightmare for others. KPM Financial explains in this whitepaper how fixed rate loan prepayment penalties and interest rate swap terminations require very different calculations.

Bob Gamble of Public Financial Management gives an introductory overview of bond financing.

Bond Buyer released their annual review of the municipal bond market, highlighting major trends and activities across the industry. Highlights include: refunding decline, insurance, state revenue outlooks and more.

Sidley Austin produced this excellent primer for entities interested in accessing the U.S. capital markets. This resource provides an overview of securities regulations and laws, the offering process, compliance obligations, exempt offerings, a...

The Municipal Securities Rulemaking Board published this notice regarding the interpretation of rules relating to the duties of underwriters to public issuers.

The CDFA Bond Finance Resource Center is a one-stop hub for all of the resources, reports, headlines, and projects that CDFA collects and publishes related to bond finance. Find links to resource tags, market reports, original research, upcoming...

This presentation by John Wooten reviews alternatives to traditional fixed rate debt, including bank purchased bonds and Variable Rate Demand Bonds.

The Advanced Bond Finance Reference Guide is written for professionals who already have an understanding of tax-exempt financing and seek detailed instruction on complex financing techniques, including the application of financial derivatives,...

This presentation, given by Hans-Michael Hurdle of PNC, explains interest rate swaps on taxable and tax-exempt bonds. It includes a historical look at interest rate trends in the industry and several case studies demonstrating the use of interest...

The law firm Fulbright & Jaworksi, LLP released this report about the recent legislation in Texas expanding the interest rate swap authority of state agencies and local governments.

The master swap policy from the Indiana Finance Authority.

This Issue Brief provides basic information regarding the use of interest rate swaps in municipal finance. It reviews data a financial manager would need to know when considering the use of interest rate swaps in the organization’s borrowing program.

This article explains “basis risk” in the context of interest rate swaps. Basis risk is one of several risks are issuer must consider when entering into interest rate swap agreements.

An increasing number of issuers or conduit borrowers have turned to variable rate debt and derivative products as a means to lowering borrowing costs. This includes borrowers who have not used these products in the past such as universities and...

Peter D. Nissen, Managing Director, Public Financial Management provides an overview of swamps, swap advisors and bond pricing advisors during the 2005 CDFA Annual Conference.

The International Swaps and Derivatives Association is the global trade association representing participants in the privately negotiated derivatives industry, a business covering swaps and options across all asset classes (interest rate, currency,...