As you drive down a smooth highway or past that new, state-of-the-art stadium, you might wonder how your city paid for it. It’s very likely a municipal bond made it happen. Municipal bonds, also known as munis, are debt securities issued by state and local governments to bankroll necessary infrastructure. They’re often used to build...
The article Municipal Bonds: How to Invest Tax-Free in a Community originally appeared on NerdWallet.
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