Municipal Notes

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Municipal Note is a short-term debt security issued by a local or state government. A municipal note has a maturity from three months to three years. Municipal notes are usually used to raise capital for improvements in infrastructure or other aspects of the municipality.

For example, a city or school district may issue a note to build a new park or a new playground.

Municipal notes usually pay lower coupons than corporate notes with similar maturities, but because the yield is tax-free, the after-tax basis may be higher for a municipal bond. Municipal notes are exempt from federal income taxes and, sometimes, from the state and local taxes as well.


Regards,
Jayant Harde
www.jayantharde.com
jayant@jayantharde.com


Mutual fund investments are subject to market risk kindly read all documents before investing.

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