Delaware Municipal Bond

Delaware municipal bond funds and ETFs invest in debt obligations issued by... Delaware municipal bond funds and ETFs invest in debt obligations issued by a local government or entity in the state of Delaware. 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. Delaware is one of the 10 smallest issuers of municipal bonds in the U.S. with less than $10 billion outstanding. A notable issuer is the Delaware Transportation Authority. There are 3 counties in Delaware, the fewest of any state. Voters typically must approval county and school district bond issuance. The state of Delaware 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: 04/26/2024 View more View less

Delaware municipal bond funds and ETFs invest in debt obligations issued by a local government or entity in the state of Delaware. These funds typically include revenue bonds and general obligation bonds with... Delaware municipal bond funds and ETFs invest in debt obligations issued by a local government or entity in the state of Delaware. 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. Delaware is one of the 10 smallest issuers of municipal bonds in the U.S. with less than $10 billion outstanding. A notable issuer is the Delaware Transportation Authority. There are 3 counties in Delaware, the fewest of any state. Voters typically must approval county and school district bond issuance. The state of Delaware 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: 04/26/2024 View more View less