Bonds issued by local government agencies to finance long term capital projects for the city or town. Most municipal bonds are issued with minimum denominations of $5,000, and consist of two main types: general obligation bonds and revenue bonds. General obligation bonds are normally approved by the voters, and are secured by the faith and credit of the issuer themselves, while revenue bonds are issued by special authorities to finance public projects like airports, hospitals, bridges, toll roads or water and sewage treatment facilities. Interest income received by municipal bond holders is generally federal income tax exempt, as well as state income tax exempt in the state the bonds are issued.
Related information about municipal bond market:
- Municipal bond - Wikipedia, the free encyclopedia
Responding to widespread defaults that jolted the municipal bond market of the day, new state statutes were passed that restricted the issuance of local debt.
- Municipal Bond Market, Mired in Its Past - NYTimes.com
Oct 6, 2012 ... Regulators put muni issuers on notice about disclosing basic financial information, but some don't seem to have gotten the message, and the ...
- S.E.C. Urges Reforms of Municipal Bond Market - NYTimes.com
Jul 31, 2012 ... The Securities and Exchange Commission said the market was “illiquid and opaque” and that issuers should provide information that investors ...
- Municipal Bond Market - Municipal Securities Rulemaking Board
How the Market is Regulated. Read about how the MSRB and other financial regulators provide oversight of the municipal bond market.
- Analysis: Presidential tax plans could bruise municipal bond market ...
Oct 18, 2012 ... (Reuters) - Tax policies proposed by the two presidential candidates may differ in several ways, but both could roil the $3.7 trillion U.S. ...
- Municipal Bonds News - Bloomberg
Read updated news and fundamental analysis of municipal bonds. Get the latest articles on municipal bond rates, and find news on municipal bonds investing.
- Municipal Bond Prices - Investing In Bonds
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- Zions Direct Municipal Bond Market Snapshot for Week Ending ...
Oct 2, 2012 ... From Yahoo! Finance: SALT LAKE CITY, Oct. 2, 2012 /PRNewswire/ -- Zions Direct , the online broker-dealer that allows its customers to ...