Mississippi Municipal Bond

Mississippi Municipal Bond Funds and ETFs invest in debt obligations issued by... Mississippi Municipal Bond Funds and ETFs invest in debt obligations issued by a local government or entity in the state of Mississippi. 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. Mississippi has issued around $15 billion of municipal bonds, putting it just outside the bottom 10 of states by issuance. There are significant amounts of bonds issued for hospitals, utilities, as well as the Mississippi Development Bank. There are 82 counties in Mississippi. Voters typically must approval county and school district bond issuance. The state of Mississippi 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: 04/23/2024 View more View less

Mississippi Municipal Bond Funds and ETFs invest in debt obligations issued by a local government or entity in the state of Mississippi. These funds typically include revenue bonds and general obligation bonds with... Mississippi Municipal Bond Funds and ETFs invest in debt obligations issued by a local government or entity in the state of Mississippi. 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. Mississippi has issued around $15 billion of municipal bonds, putting it just outside the bottom 10 of states by issuance. There are significant amounts of bonds issued for hospitals, utilities, as well as the Mississippi Development Bank. There are 82 counties in Mississippi. Voters typically must approval county and school district bond issuance. The state of Mississippi 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: 04/23/2024 View more View less