If municipal bonds
are purchased through a unit trust, a "load" (i.e., sales charge) of 3.5% to 5.0% is typically added to the value of the purchase.
The recent volatile investing environment seemed tailor-made for municipal bonds
. Their issuers sold a record $160.2 billion of bonds in the first half of 2002 to investors seeking both income and predictability.
With over USD 69 billion in municipal bond
assets, JP Morgan's municipal bond
investing team offers a broad range of municipal bond
solutions across the duration and quality spectrums designed to meet an individual's unique circumstances including risk tolerance, cash flow needs, tax status and investment horizon.
Short-term ratings on enhanced municipal bonds
may be lower than those of their liquidity providers, as discussed in Fitch's 'U.S.
Direct-pay subsidy bonds, like Build America Bonds (BABs), are debt securities (e.g., municipal bonds
) issued by a state, municipality, or county to finance capital expenditures.
The panelists concluded with a discussion of how municipal bonds
fit into a larger fixed income portfolio, and identified both sectors with opportunity and those to avoid.
Still, Patricia Healy, senior vice president of research and portfolio manager at Cumberland Advisors, writes that it's important to choose high-quality municipal bonds
In the United States and other mature economies, municipal bonds
, also known as "munis," account for a major portion of all bond issuances in their capital markets.
Almost all municipal bonds
generate income that is free from federal tax, and an investment in a bond from your state of residence will also be free from state tax.
The Tower Amendment -- enacted in 1975 to amend the Securities Exchange Act of 1934 -- disables the SEC from mandating that issuers of municipal bonds
file securities documents before selling the bonds.
In auto care complex shops will be rented to showrooms and workshops by which CDA will earn millions of rupees, while from issued municipal bonds
CDA will get Rs 3 billion.