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The fund invests a substantial portion of its assets in municipal “junk” bonds and may purchase bonds in default as long as they don’t account for more than 10 percent of assets. 5-year ...
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 ...
The same 3 percent muni bond now has a tax-equivalent yield of 5 percent. In general, a taxable bond would need to pay more than 5 percent before you’d earn more after-tax than with the 3 ...
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 MSRB was created by the Section 15B of the Securities Exchange Act of 1934 (as amended by the Securities Acts Amendments of 1975, Pub. L. 94–29, and codified at 15 U.S.C. § 78o-4(b)) to create a mechanism for the regulation of municipal securities as well as brokers, dealers, and banks in the municipal securities business.
The VanEck High Yield Muni ETF seeks to match the investment performance of an index that tracks the U.S. high-yield long-term tax-exempt bond market. The bonds in this fund are generally exempt ...
It was founded in 1973 as the Municipal Bond Insurance Association. It is headquartered in Purchase, New York , and as of January 1, 2015 had approximately 180 employees. [ 3 ] MBIA is the largest bond insurer .
Build America Bonds can provide states and localities with substantial savings on their borrowing costs. According to the United States Department of the Treasury, the savings for a 10-year bond are estimated to be 31 basis points and the savings for a 30-year bond are estimated to be 112 basis points versus traditional tax-exempt financing. [5]