Regulatory Update: Current State of the Municipal Securities Market

Jan. 2011

 

Municipal securities, including municipal bonds, comprise a $2.6 Trillion Market, two-thirds of
which are owned by individual investors.1 State and local governments annually issue such
securities in an effort to raise money for schools, roads, hospitals and other needs of the
municipality. In return for their investment(s), municipal securities holders receive principal and
interest payments, many of which are exempt from federal and state taxes.

 

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