Municipal bonds fund public projects, offering interest twice a year and principal at maturity. You can invest in municipal bonds through new issues, the secondary market, or bond funds. Munis are ...

The term “municipal bond” refers to a type of debt security issued by local, county, and state governments. They are commonly offered to pay for capital expenditures, including the ...

adamkaz / Getty Images While stable, income-producing bonds warrant a position in any diversified portfolio, there are drawbacks to owning municipal bonds, or "munis." Though they are exempt from ...