New York Municipal Bond

New York municipal bond funds and ETFs invest in debt obligations issued... New York municipal bond funds and ETFs invest in debt obligations issued by a local government or entity in the state of New York. These funds typically include revenue bonds and general obligation bonds with various maturity dates. Revenue bonds are linked to specific projects, while general obligation bonds are repaid from general government finances. New York is the second largest municipal bond issuer in the United States, with over $350 billion in debt outstanding, behind only California. New York City is a very large issuer of municipal debt with nearly $100 billion in bonds outstanding. The state constitution limits the amount of debt a city or school district can incur. New York 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: 12/27/2024 View more View less

New York municipal bond funds and ETFs invest in debt obligations issued by a local government or entity in the state of New York. These funds typically include revenue bonds and general obligation... New York municipal bond funds and ETFs invest in debt obligations issued by a local government or entity in the state of New York. These funds typically include revenue bonds and general obligation bonds with various maturity dates. Revenue bonds are linked to specific projects, while general obligation bonds are repaid from general government finances. New York is the second largest municipal bond issuer in the United States, with over $350 billion in debt outstanding, behind only California. New York City is a very large issuer of municipal debt with nearly $100 billion in bonds outstanding. The state constitution limits the amount of debt a city or school district can incur. New York 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: 12/27/2024 View more View less