Maryland Municipal Bond

Maryland municipal bond funds and ETFs invest in debt obligations issued by... Maryland municipal bond funds and ETFs invest in debt obligations issued by a local government or entity in the state of Maryland. 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. Maryland has issued more than $60 billion of municipal bonds, putting it in the upper-middle of states. There are significant amounts of bonds issued for housing as well as hospitals. There are 23 counties in Maryland. Voters typically must approval county and school district bond issuance. The state of Maryland 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

Maryland municipal bond funds and ETFs invest in debt obligations issued by a local government or entity in the state of Maryland. These funds typically include revenue bonds and general obligation bonds with... Maryland municipal bond funds and ETFs invest in debt obligations issued by a local government or entity in the state of Maryland. 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. Maryland has issued more than $60 billion of municipal bonds, putting it in the upper-middle of states. There are significant amounts of bonds issued for housing as well as hospitals. There are 23 counties in Maryland. Voters typically must approval county and school district bond issuance. The state of Maryland 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