#bondmath Archives — Penobscot Financial Advisors

The Secret Life of Munis

By PFA Ponderings

Even though Municipal Bonds are an age-old part of boring fixed-income investing, they are exotic-sounding enough that I think they earn a blog post all their own. What are they? Like with most bonds, Munis are debt instruments.   They are issued by (you guessed it) Municipalities, including states, cities, and…

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