municipal

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Related to Municipals: Municipal Securities

Municipal Bond

A bond issued by a local or state government. Municipal bonds are usually used to raise capital for improvements in infrastructure or other aspects of the municipality. For example, a city or school district may issue a bond to build a new school or a new playground. Municipal bonds are exempt from federal income taxes and sometimes from state and local taxes as well. Municipals usually pay lower coupons than corporate bonds, but because the yield is tax-free, the after-tax basis may be higher for a municipal bond. Risk varies with the municipality and the particular type of municipal bond. It is sometimes called a municipal improvement certificate.

municipal

References in periodicals archive ?
If that's the case, consider switching some of your fixed-income investments to municipal bond funds, which pay tax-exempt income.
Last year, the combined, weighted, after-tax yield of this portfolio of municipals, government, and high-yield bonds would have been 6.
Ahern, CFA, is a Vice President of Eaton Vance Management and portfolio manager of Eaton Vance National Limited Maturity Municipals Fund, Eaton Vance Insured Municipal Bond Fund II (AMEX:EIV), Eaton Vance Tax-Free Reserves Fund and 10 state-specific Eaton Vance municipal income mutual funds and closed-end funds.
FICC's interactive real-time messaging functionality allows broker/dealers to submit municipal trade data to RTTM using a single interactive message that serves two purposes - it forwards the data to the MSRB in real time for price reporting, and it continues to accept data for processing by NSCC.
today announced that Kathleen Brown has joined the firm's Municipal Finance department, where she will serve as Head of the West Coast region.
On a tax adjusted basis, municipals have been the best-performing asset class over the last three years (source: Lehman Brothers).
The Fund outperformed the Lipper General Municipal Leveraged Median for the 1-year, 3-year and 5-year periods ended March 31, 2001, based on market price (at NAV the Fund underperformed for all three periods).
LLC, has received top rankings as a total return municipal bond manager for its actively managed tax-free portfolios with a total return objective.
Allen Williams, President of Thomson Financial Municipals Group, said The Bond Buyer's reputation for integrity is a key element of the credibility of the entire group's product offerings, and he is confident placing it in Resnick's hands.
Telerate's strength in capital markets data, particularly municipals, makes it the perfect outlet for offering the Consensus," said Thomas G.
Priced at $250, Telerate Municipals is the most cost-effective and comprehensive muni package available.
Where appropriate, we expect to increase our exposure to lower-rated, investment-grade securities because of the widening of spreads over high-grade municipals.