Review:
Municipal Bonds
overall review score: 4.5
⭐⭐⭐⭐⭐
score is between 0 and 5
Municipal bonds are debt securities issued by a state, municipality, county or other local government to finance public projects and services.
Key Features
- Tax-exempt interest
- Regular income
- Low default rates
Pros
- Steady income stream
- Tax benefits for investors
- Supporting local community projects
Cons
- Interest rate risk
- Credit risk associated with the issuing entity