One of them came up to me and indignantly told me that he'd been
a muni bond dealer for 38 years, and that of course he knew all about credit risk, as had his forebears before him.
Not exact matches
If you want to buy a specific type of
bond (say, an intermediate
muni with a rating of A or better), you can not just assume that you can buy that
bond from any
dealer.
In corporate
bonds, typically 5 - 7
dealers provide quotes for each CUSIP in contrast to
munis which are typically quoted by just one
dealer.