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Types of Bonds

An Investment for Today’s Tax-Conscious Investor

Tax-exempt municipal bonds are among the most popular types of investments available today, and with good reason. They offer a wide range of benefits, including:

  • attractive current income free from federal and, in some cases, state and local taxes;
  • a high degree of safety with regard to payment of interest and repayment of principal;
  • a predictable stream of income;
  • a wide range of choices to meet with your investment objectives, regarding investment quality, maturity, choice of issuer, type of bond and geographical location; and
  • marketability in the event you must sell before maturity.

All information and opinions contained in this publication were produced by the Securities Industry and Financial Markets Association from our membership and other sources believed by the Association to be accurate and reliable. By providing this general information, the Securities Industry and Financial Markets Association makes neither a recommendation as to the appropriateness of investing in fixed-income securities nor is it providing any specific investment advice for any particular investor. Due to rapidly changing market conditions and the complexity of investment decisions, supplemental information and sources may be required to make informed investment decisions.