Michigan Municipal Bond

Michigan Municipal Bond Funds and ETFs invest in debt obligations issued by... Michigan Municipal Bond Funds and ETFs invest in debt obligations issued by a local government or entity in the state of Michigan. 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. Michigan has issued around $80 billion of municipal bonds, putting it in the upper-middle of states by issuance. There are significant amounts of bonds issued for utilities and educational institutions. There are 83 counties in Michigan. Voters typically must approval county and school district bond issuance. The state of Michigan 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: 04/19/2024 View more View less

Michigan Municipal Bond Funds and ETFs invest in debt obligations issued by a local government or entity in the state of Michigan. These funds typically include revenue bonds and general obligation bonds with... Michigan Municipal Bond Funds and ETFs invest in debt obligations issued by a local government or entity in the state of Michigan. 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. Michigan has issued around $80 billion of municipal bonds, putting it in the upper-middle of states by issuance. There are significant amounts of bonds issued for utilities and educational institutions. There are 83 counties in Michigan. Voters typically must approval county and school district bond issuance. The state of Michigan 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: 04/19/2024 View more View less