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The basic types of municipal bonds are: General obligation bonds: Principal and interest are secured by the full faith and credit of the issuer and usually supported by either the issuer's unlimited or limited taxing power. These bonds are usually considered the most secure type of municipal bond, and therefore carry the lowest interest rate.
Municipal bonds, also called munis, are a type of debt security issued by local governments, such as a city, state or municipality, to fund government projects.
Municipal bonds. Usually referred to as “munis,” municipal bonds are a type of government bond issued by state or local governments. ... Basics of a bond quote.
Municipal bond taxes. Municipal bonds issued by local or state governments generally offer interest income that is exempt from federal taxes. Moreover, if you live in the state where the bond is ...
A general obligation bond is a common type of municipal bond in the United States that is secured by a state or local government's pledge to use legally-available resources, including tax revenues, to repay bondholders. [1]
Top municipal bond funds. Data below as of July 17, 2024. Vanguard Tax-Exempt Bond ETF (VTEB) The Vanguard Tax-Exempt Bond ETF is an index fund that seeks to track the performance of a benchmark ...
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