Bonds and other securities
that are issued by states, cities, and other municipalities make up
national municipal bond funds.
source
The underlying bonds and securities
may be from all over the country, or they may be geographically centered. Some of these bond funds invest only in high-quality bonds,
while others will invest in lower-quality, or junk, bonds. The bonds
may have a variety of maturities. The income from these funds is taxfree for federal income tax purposes
Congratulations! This post has been upvoted from the communal account, @minnowsupport, by mfondora from the Minnow Support Project. It's a witness project run by aggroed, ausbitbank, teamsteem, theprophet0, someguy123, neoxian, followbtcnews, and netuoso. The goal is to help Steemit grow by supporting Minnows. Please find us at the Peace, Abundance, and Liberty Network (PALnet) Discord Channel. It's a completely public and open space to all members of the Steemit community who voluntarily choose to be there.
If you would like to delegate to the Minnow Support Project you can do so by clicking on the following links: 50SP, 100SP, 250SP, 500SP, 1000SP, 5000SP.
Be sure to leave at least 50SP undelegated on your account.
Congratulations @mfondora! You have completed some achievement on Steemit and have been rewarded with new badge(s) :
Click on any badge to view your own Board of Honor on SteemitBoard.
To support your work, I also upvoted your post!
For more information about SteemitBoard, click here
If you no longer want to receive notifications, reply to this comment with the word
STOP