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The Municipal Bond MarketInvestors speak of the bond marketas if it were a market similar to the stock market, but this is not the case. There is not a central place or exchange where bonds are bought and sold. The bond market is a huge over-the-counter market consisting of a network of independent dealers.The bond market is so vast that its size (trillions of dollars) is difficult to imagine. Even though the bond market is many times larger than the stock market, there is much more price transparency in equities than with bonds. Individual bond investors must function in a marketplace originally designed for large institutional investors. The structure of the bond market makes it difficult for many individual investors to feel confident in bond prices they are quoted. Before an individual buys or sells a municipal bond, they should consider the following:
tax-free municipal bondin a relatively short period of time.Before you buy or sell any tax-exempt municipal bond, get your"GMS Best Price"quote. This service is free and comes with no obligation to buy or sell any securities. |