Municipal Bonds: Basics

Municipal Bonds: Basics

Intuition Publishing Pty Ltd
Updated Sep 24, 2020

Municipal bonds (also known as munis) are debt securities issued by states, cities, counties, and other governmental entities. These securities help these entities raise capital for various public purposes, such as building schools, highways, and hospitals. Here we explore the fundamentals of the municipal bond market, focusing on the main features and issuers of these instruments.