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Right now, municipal bonds could be the answer for many folks trying to make their money work harder for them. How Muni Bonds Work Municipal bonds look a lot like other kinds of bonds.
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.
Tax-free municipal bonds are not just a source of investment but also a significant contributor to public projects such as roads, schools and hospitals. These debt instruments are issued by local ...
That perception could thus potentially allow a local government to borrow at a lower interest rate, saving its taxpayers' money over the life of the bonds. Despite that advantage, many states, such as California under Proposition 13 , do not allow local governments to issue unlimited-tax general obligation debt without a public vote .
Build America Bonds are taxable municipal bonds that carry special tax credits and federal subsidies for either the bond issuer or the bondholder. Build America Bonds were created under Section 1531 of Title I of Division B of the American Recovery and Reinvestment Act that U.S. President Barack Obama signed into law on February 17, 2009.
You’ll see that the municipal bond has a tax-equivalent yield of almost 4.8 percent based on just the federal tax savings, and the tax-equivalent yield rises to 5.4 percent when you account for ...
Asset management, Fixed income, Money market, Alternative investments, Closed-end funds, Open-end funds, Corporate bonds, High-yield debt, Government bonds, Municipal bonds: AUM: US$381.1 billion (as of 30 June 2024) [1] Parent: Franklin Templeton: Website: www.westernasset.com
EE-bonds, on the other hand, only pay 0.2 percent, making them a poor short-term alternative. But if you hold EE-bonds for 20 years, you're guaranteed to double your money -- which equates to an ...