Municipal bonds are fixed-income or debt securities issued by U.S. states, counties, cities, local government agencies and other political subdivisions. The proceeds from these bonds are used for general expenditures or to fund specific projects such as new schools, highways, and sports stadiums. Interest payments on municipal bonds are usually exempt from federal taxes. Some are also exempt from state and local taxes in the area in which they are issued.
Where can I find information about the municipal market?
What are municipal bonds?