Municipal Securities (Bonds) are debt obligations issued by
states, cities, counties, and other governmental entities to raise money to
build schools, highways, hospitals, other not-for-profit entities, and many
other projects for the public good.
You can also purchase Insured Municipal
Bonds. Bond insurance protects your investment by assuring the timely payment
of principal and interest on a bond in the event the borrower is unable to meet
their debt service obligations. Although bond insurance does not protect the
market value of a security, insured bonds have historically retained more of
their value than their uninsured counterparts during periods of financial
stress. (Legg Mason)
- Investor's
Guide: Municipal Bonds and
Insured
Munis (pdf)
- Investinginbonds.com - Geared
toward many types of investors--from beginners to experienced equity investors
who are new to bonds to sophisticated bond investors--Investinginbonds.com is a
unique source of bond price information and includes a wide variety of market
data, news, commentary and information about bonds. The site has been ranked as
a top investor site for bonds by Money, CNBC, Forbes and others and is
continually enhanced and updated with new data, information and features.
- Tax-Free vs.
Taxable Yield Comparison Calculator
Compare what you need to earn on a
taxable security to equal the tax-free yield of a municipal bond.
- Municipal Securities
Rulemaking Board (MSRB)
The MSRB makes rules regulating dealers who
deal in municipal bonds, municipal notes, and other municipal securities. This
web site contains useful information for municipal securities investors,
dealers and the general public.
- UBS
Municipal Securities
New Issue Calendar, Specialized Capabilities and
Market Commentary
- Municipal Securities
Information Sources
Nationally Recognized Municipal Securities
Information Repositories (NRMSIRs)
- FMSbonds.com is a
tax-free municipal bond firm that provides bond buyers with exceptional value
and insight in the tax-free bond market.
- Legg
Mason Municipal Securities
- Savvy investors and securities professionals use the online
services of BondsOnline Group, Inc. -
BondsOnline® and PreferredsOnline™ - for information, education
and direction in making bond and fixed income investment decisions. From
tracking bond prices and bond market news, to searching for preferred stocks
and convertible preferred stocks, to self directed education, active personal
advice and bond trading,
- Municipal Bond
Transactions
Municipal bond trades, as reported to the MSRB*, on the
prior trading day are included in each Daily Report. The Daily Report will
typically include about 11,000 issues out of the 1.4 million issues which are
outstanding. The History contains trades executed since June, 2000.
- Bondtrac provides full
disclosure of broker/dealer offerings in municipal, corporate, agency, US
Treasury and CD markets. This information is available by subscription to
broker/dealers, banks, financial advisors, institutions, foundations, trust
departments, state & local governmental agencies and individuals.
- The California
Municipal Market Report is written by Stone & Youngberg LLC,
California's leading underwriter of municipal securities.
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