Municipal Bond Markets

Municipal bond markets involve the buying and selling of debt issued by states, cities, or other local governments to fund infrastructure projects like roads, schools, and hospitals. When investors buy these bonds, they lend money to the government entity, which promises to pay back with interest over time. These bonds are often tax-advantaged, making them attractive to investors seeking tax-free income. The market provides a way for governments to access funds for public needs while offering investors a relatively safe, income-generating investment option. Overall, it’s an essential component of public finance and investment portfolios.