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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 may also be a good fit for your portfolio if you are looking for bonds with a low risk of default or want to avoid the potential volatility associated with corporate bonds or stocks.
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]
The tax-equivalent yield of a municipal bond is the effective pre-tax yield that you would need to earn to equal the tax-free yield on the muni. If you’re considering investing in muni bonds, it ...
A government bond or sovereign bond is a form of bond issued by a government to support public spending. It generally includes a commitment to pay periodic interest , called coupon payments , and to repay the face value on the maturity date.
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