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Muni bonds are a more attractive option for investors in high-tax states and cities, so investors in those areas should be sure to calculate the tax-equivalent yield on potential muni investments.
First, muni bonds are often investment-grade assets. Around seven out of 10 in the Bloomberg Municipal Bond Index are in the top two rungs of credit quality, Schwab cited.
The Delaware National High-Yield Municipal Bond Fund invests in medium and lower-grade municipal bonds to generate a high level of current income that is exempt from federal income tax.
"Issuance of new municipal bonds year-to-date is down some 15 to 20 percent from year ago. ... News. 24/7 Help. For premium support please call: 800-290-4726 more ways to reach us.
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.
All things considered, the municipal bond market had an exceptional 2020. In a year in which municipalities were faced with an economic crisis that had some investors concerned about defaults, the ...
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