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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.
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.
Insurer MBIA , for example, has only $3.6 billion in the bank, which won't make much of a dent if $2.8 trillion worth of muni bonds start to go bad. Also, MBIA has $13 billion in debt of its own.
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.
A money market fund (also called a money market mutual fund) is an open-end mutual fund that invests in short-term debt securities such as US Treasury bills and commercial paper. [1] Money market funds are managed with the goal of maintaining a highly stable asset value through liquid investments, while paying income to investors in the form of ...
Nuveen was founded in Chicago, Illinois, in 1898 and originally focused solely on municipal bond underwriting and investments. While its investments today span nearly all major areas of capital markets, it is known for its size and influence in domestic fixed income generally, tax advantaged municipal bonds in particular and private real estate.
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 ...
Build America Mutual Assurance Company (stylized as Build America Mutual or BAM) is a mutual, monoline bond insurer of essential public-purpose U.S. municipal bonds. Since its inception in July 2012, the company has insured more than $65 billion in par amount for more than 3,300 member-issuers.