Municipal Bonds Pay Varying Rates — Here’s How To Buy Them

Municipal bonds, also known as munis, are debt securities issued by local governments or their agencies to finance public projects. For this reason, there are many types of municipal bonds you can invest in. Here are the two primary types of municipal bonds: General obligation bonds: These are issued by state and local governments and are not secured by any specific assets. Their repayment relies on the issuer’s credit and taxing authority. Revenue bonds: These bonds are funded by specific proje