Munis Are Near Cheapest Levels in a Year Municipal bonds have long been a staple of fixed income investing, offering reliable income and tax benefits.
However, their appeal is closely tied to interest rates, which have fluctuated over the years. Currently, munis are approaching levels not seen in a year, sparking renewed interest among investors.
What Are Municipal Bonds? Municipal bonds are IOUs issued by local governments or public entities to finance infrastructure projects, such as roads, schools, and hospitals.