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Around seven out of 10 in the Bloomberg Municipal Bond Index are in the top two rungs of credit quality, Schwab cited. When an issuer is rate highly, investors can have more peace of mind knowing ...
Municipal bonds, also called munis, are a type of debt security issued by local governments, such as a city, state or municipality, to fund government projects.
Fixed income served as a strong diversifier in times of equity drawdowns over the past two decades — see the dot-com bubble and burst of the early 2000s and the global financial crisis of 2008.
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 triple tax exemption made Puerto Rican bonds highly attractive to U.S. municipal bond investors, and very low cost for Puerto Rican local government to issue. [ 11 ] [ g ] [ h ] [ i ] Puerto Rico thus began to issue debt to fund its expenses , a practice repeated for four decades since 1973. [ 14 ]
Despite the yield curve inversion in two- and 10-year Treasury bonds, there are plenty of opportunities for investors to earn stable yield, including municipal bonds, experts say. Municipal bonds ...
Yield burning was a method by which major Wall Street U.S. municipal bond dealers cheated the United States government out of millions of dollars of revenue. [1] The scam was initially exposed by whistleblower Michael Lissack in 1994, and eventually the firms involved settled with the government for $205 million.
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 ...