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The Fidelity Tax-Free Bond Fund aims to provide a high current yield that is exempt from federal income tax. The fund invests at least 80 percent of its assets in investment-grade securities whose ...
In other words, the muni pays the taxable equivalent of a bond offering 4.28 percent – the threshold where you would be indifferent to the muni over the regular bond.
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.
Defaults on municipal bonds are relatively rare, especially for bonds issued by financially stable municipalities. This makes them an attractive option for income-focused investors, such as retirees.
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 .
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 ...
Bond Calculator. Online calculation of interest and rate indicators with different day count conventions, created by SIX Swiss Exchange . Pricing of Game Options (in a market with stochastic interest rates) - Section Chapter II: A Little Bit of Finance, Section 1: Brief introduction to Financial Securities, from pages 26 to 33, formally mention ...
EMMA provides free on-line access to centralized new issue municipal securities disclosure documents (known as official statements), [1] on-going continuing disclosures for all municipal securities, [1] escrow deposit agreements for advance refundings (i.e., refinancings) of outstanding bonds, [2] real-time municipal bond trade price ...