Definition of «muni»

Muni is a term used to refer to a municipal bond, which is a type of debt security issued by a local or state government. These bonds are often used to finance public projects such as roads, bridges, and schools. They are considered to be relatively safe investments because they are backed by the creditworthiness of the issuing government entity.

Phrases with «muni»

Sentences with «muni»

In anticipation of the tax bill's passage and of municipalities losing their ability to refund bonds prior to maturity, there was a surge in supply of muni bonds in November and December, with new supply increasing 29.3 % and 207 %, respectively, over prior - year levels. (bbvacompass.com)
The high yield muni market in general has been a stellar performer following the trough of the 2009 financial collapse but there are some striations depending on just which municipalities are covered in a particular holding. (etfbase.com)
The plan is to invest, long and short, in muni bond funds and ETFs. (mutualfundobserver.com)
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