Connecticut Municipal Bond

Connecticut municipal bond funds and ETFs invest in debt obligations issued by... Connecticut municipal bond funds and ETFs invest in debt obligations issued by a local government or entity in the state of Connecticut. These funds typically include revenue bonds and general obligation bonds with various maturity dates. Revenue bonds are linked to projects, while general obligation bonds are repaid from general government finances. Connecticut has issued around $50 billion of municipal bonds, putting it roughly in the middle of states. A notable issuer is the University of Connecticut. There are 8 counties in the state. Voters typically must approval county and school district bond issuance. Connecticut also issues general obligation bonds to fund its operations. Investors buy municipal bonds because they can benefit from attractive after-tax yields. Generally speaking, municipal bonds are exempt from federal tax, and also exempt from state tax if purchased by an in-state resident. Last Updated: 11/25/2024 View more View less

Connecticut municipal bond funds and ETFs invest in debt obligations issued by a local government or entity in the state of Connecticut. These funds typically include revenue bonds and general obligation bonds with... Connecticut municipal bond funds and ETFs invest in debt obligations issued by a local government or entity in the state of Connecticut. These funds typically include revenue bonds and general obligation bonds with various maturity dates. Revenue bonds are linked to projects, while general obligation bonds are repaid from general government finances. Connecticut has issued around $50 billion of municipal bonds, putting it roughly in the middle of states. A notable issuer is the University of Connecticut. There are 8 counties in the state. Voters typically must approval county and school district bond issuance. Connecticut also issues general obligation bonds to fund its operations. Investors buy municipal bonds because they can benefit from attractive after-tax yields. Generally speaking, municipal bonds are exempt from federal tax, and also exempt from state tax if purchased by an in-state resident. Last Updated: 11/25/2024 View more View less