Municipal Bonds
Municipal bonds - bonds that are issued by state and local governments.
Municipal bond issuers are exempt from all federal acts and regulations (except anti-fraud provisions).
They are exempt from the registration provisions of the SEC
.
Interest payments to the investors from municipal bonds are federally tax exempt.
They are state tax exempt as well if you reside in the same state.
Municipal bonds are priced in 1/8's (360 days)
