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Consider adding these municipal bond funds to your portfolio. ... Top municipal bond funds. Data below as of July 17, 2024. ... Savings interest rates today: Pump up your money with the highest ...
Similarly, muni bond funds can be an attractive way to get a diversified stream of tax-advantaged income, but a fund may own bonds issued in many different states, meaning you won’t get the full ...
Here’s what else you should know about high-yield bonds and some of the top funds to consider for your portfolio. Top high-yield bond funds *Yield data below from Morningstar as of Aug. 12, 2024.
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.
The bet in municipal bond arbitrage is that, over a longer period of time, two similar instruments--municipal bonds and interest rate swaps--will correlate with each other; they are both very high quality credits, have the same maturity and are denominated in U.S. dollars. Credit risk and duration risk are largely eliminated in this strategy.
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.
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