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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 ...
Municipal bonds offer investors the benefit of a tax-free yield on their investment, a benefit that can provide a significant advantage over traditional income investments.
Fidelity Money Market Fund (SPRXX) Vanguard Municipal Money Market Fund (VMSXX) *Data listed below is as of Dec. 31, 2024. ... Municipal money market funds invest primarily in tax-exempt securities.
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.
Long-term bonds and other non-cash long-term investments – least liquid and most risky, but highest yielding. Enhanced cash funds were developed due to low spreads in traditional cash equivalents. [25] There are also funds which are billed as "money market funds", but are not 2a-7 funds (do not meet the requirements of the rule). [24]
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 .
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 ...