: They are generally considered lower risk than corporate bonds, with historically low default rates.
Municipal bonds, or "," are effectively loans you provide to state or local governments to fund public projects like schools, highways, and hospitals. In exchange for your capital, the government pays you regular interest and returns your original investment when the bond matures. Why Investors Buy Munis buying municipal bonds for dummies
: The muni market is fragmented; it can be difficult to sell a specific bond quickly without a price penalty. Is it Worth it? The "Tax-Equivalent Yield" : They are generally considered lower risk than