Getting Started Guide to Investing in Municipal Bonds

Getting Started Guide to Investing in Municipal Bonds


Do you want to get a tax-free return on your money? Put sewers and subway systems in your wallet.

Municipal bonds that states and local governments sell to finance unsexy infrastructure projects are offering their highest yields in more than a decade. New bond investors have been snapping up Treasuries after interest rates rose this year, but the special tax advantages of muni bonds are also worth a look, financial advisers say.

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