Noun
a bond issued by a state or local government
Source: WordNetA municipal bond payable from revenues derived from tolls, charges or rents paid by users of the facility constructed with the proceeds of the bond issue. Source: Internet
Favorable fundamentals will continue to support the municipal bond market, especially for high-yield munis and related ETFs. Source: Internet
There are additional inefficiencies arising from the highly fragmented nature of the municipal bond market which has two million outstanding issues and 50,000 issuers in contrast to the Treasury market which has 400 issues and a single issuer. Source: Internet
The steeper slope of the municipal yield curve allows participants to collect more after-tax income from the municipal bond portfolio than is spent on the interest rate swap; the carry is greater than the hedge expense. Source: Internet
Municipal bond arbitrage Also called municipal bond relative value arbitrage, municipal arbitrage, or just muni arb, this hedge fund strategy involves one of two approaches. Source: Internet
Are you able to meet the municipal bond obligations? Source: Internet