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Municipal bonds, or "munis," are popular investments for a few reasons. Most notably, as a government bond, they can be the closest thing to a safe asset that the market offers. And, investors ...
Merrill Lynch's action created liquidity for more than 30,000 clients who held municipal, closed-end funds and student loan auction rate securities. Under the plan, retail clients of Merrill Lynch would have a year, beginning on January 15, 2009, and ending January 15, 2010, in which to sell their auction rate securities to Merrill Lynch if ...
First, muni bonds are often investment-grade assets. ... Due to this, rainy-day funds have hit a record high in 38 states last fiscal year, Schwab said, citing Pew Charitable Trusts.
Municipal bond ETFs have many of the same advantages of municipal bond mutual funds in that they can help diversify your portfolio and reduce the risk of investing in a single bond. ETFs and ...
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]
A municipal bond, commonly known as a muni, is a bond issued by state or local governments, or entities they create such as authorities and special districts. In the United States, interest income received by holders of municipal bonds is often, but not always, exempt from federal and state income taxation.
How Muni Bonds Work Municipal bonds look a lot like other kinds of bonds. State and local governments issue muni bonds in order to finance a variety of public projects, ranging from general budget ...
The triple tax exemption made Puerto Rican bonds highly attractive to U.S. municipal bond investors, and very low cost for Puerto Rican local government to issue. [ 11 ] [ g ] [ h ] [ i ] Puerto Rico thus began to issue debt to fund its expenses , a practice repeated for four decades since 1973. [ 14 ]