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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. Typically, only investors in the highest tax brackets benefit from buying tax-exempt municipal bonds instead of taxable bonds. Taxable equivalent yield calculations are required to make fair comparisons between the two categories.
The U.S. municipal debt market is relatively small compared to the corporate market: total municipal debt outstanding was $4 trillion as of the first quarter of 2021, compared to nearly $15 trillion in the corporate and foreign markets.[1][2] But conversely, the number of municipal bond issuers (state and local governments and other affiliated entities) far exceeds the number of corporate bond issuers.
Local authorities in many other countries in the world issue similar bonds, sometimes called local authority bonds or other names.
^"US Municipal Bonds Statistics". SIFMA Research.
^"Primer on Municipal Bonds: Comparing Fixed Income Markets". Invesco Ltd. Retrieved July 4, 2021.
A municipalbond, 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 overall cost savings. Municipalbond insurance premiums are generally paid up-front as a lump sum; while non-municipalbond insurance premiums are generally...
A government bond or sovereign bond is a form of bond issued by a government to support public spending. It generally includes a commitment to pay periodic...
longer maturity municipalbond, which is a municipalbond that yields significantly more than 65% of a corresponding taxable corporate bond. The steeper...
A corporate bond is a bond issued by a corporation in order to raise financing for a variety of reasons such as to ongoing operations, mergers & acquisitions...
(SIFMA) classifies the broader bond market into five specific bond markets. Corporate Government and agency Municipal Mortgage-backed, asset-backed, and...
Municipalbond arbitrage, also called municipalbond relative value arbitrage, municipal arbitrage, or just muni arb, generally consists of building a...
American financial services company. It was founded in 1973 as the MunicipalBond Insurance Association. It is headquartered in Purchase, New York, and...
Government Series (SLGS), purchaseable only with the proceeds of state and municipalbond sales; and the Government Account Series, purchased by units of the...
The Maine MunicipalBond Bank is a Local Government Funding Agency created in 1973 to issue bonds, enabling it to lend to counties, municipalities, school...
city council approved a prepayment of the lease, financed by issuance of municipal bonds. However, in 2015 the IRS notified the city that the issuance was...
American MunicipalBond Assurance Corporation), is an American holding company. Its subsidiaries provide financial guarantee products such as bond insurance...
bond (also called redeemable bond) is a type of bond (debt security) that allows the issuer of the bond to retain the privilege of redeeming the bond...
A revenue bond is a special type of municipalbond distinguished by its guarantee of repayment solely from revenues generated by a specified revenue-generating...
In investment, the bond credit rating represents the credit worthiness of corporate or government bonds. It is not the same as an individual's credit score...
market Exchange · Securities Bond market Bond valuation Corporate bond Fixed income Government bond High-yield debt Municipalbond Securitization Stock market...
convertible bond, convertible note, or convertible debt (or a convertible debenture if it has a maturity of greater than 10 years) is a type of bond that the...
counties, cities, and towns in the United States would have "significant" municipalbond defaults totaling "hundreds of billions" of dollars, and that "it'll...
1976, MFS offered one of the nation’s first national municipalbond funds (Managed MunicipalBond Trust) and in 1981, MFS launched the country’s first...
from whatever source but excludes particular tax-exempt items, such as municipalbond interest. In 2010, the United Kingdom and the United States both provided...
Capital Aggregate Bond ETF Barclays Capital Convertible Secs Barclays Capital MunicipalBond ETF Barclays Capital Short Term MunicipalBond ETF Barclays Capital...
In finance, bond convexity is a measure of the non-linear relationship of bond prices to changes in interest rates, and is defined as the second derivative...
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