Municipal Bonds
Municipal bonds (“munis”) are issued by government entities to fund projects such as the building of roads, schools, and hospitals, and are often tax-free (although it is important to note that there is a separate market of Municipal bonds that are subject to federal taxes). The JVB Municipal Desk has over 60 years of experience in evaluating and trading all types of municipal debt, a critical factor given today’s economic times. With investment grade municipal bonds rated in four basic classes, from high grade to minimum investment grade, it is essential to understand the underlying credit worthiness.
