Here's Why Municipal Bonds Belong in Every Investor's Portfolio

Here's Why Municipal Bonds Belong in Every Investor's Portfolio

Why buy municipal bonds? Municipal bonds are those issues by states, cities, and other localities to raise money for public projects. Municipal bonds come in two main varieties: generation obligation bonds, which aren't tied to a specific revenue stream, and revenue bonds, which are linked to a specific revenue-generating project, like a new bridge or toll road.