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Municipal Bonds (Munis)


Municipal bonds are debt obligations issued by states, cities, counties and other governmental entities, which use the money to build schools, highways, hospitals, sewer systems and many other projects for the public good.


To learn more, get a Printable version or click on a topic below:

   Topic 1: What Are Municipal Bonds ?
Topic 2: An Investment for Today’s Tax-Conscious Investor
Topic 3: How Safe Are Municipal Bonds ?
Topic 4: The Advantages of Tax Exemption
Topic 5: Understanding Yields
Topic 6: Understanding Market Risk
Topic 7: Understanding Calls
Topic 8: Gains and Losses
Topic 9: Types of Tax-Exempt Municipal Bonds
Topic 10: Bonds with Special Investment Features
Topic 11: Taxable Municipal Bonds
Topic 12: Other Basic Facts
Topic 13: The Tax-Exempt Municipal Bond Market — How Big and Who Buys ?
Topic 14: Tax-Exempt/Taxable Yield Equivalents
Topic 15: State Taxation of Municipal Bonds for Individuals
Topic 16: State Taxation of Municipal Bonds for Corporations
Topic 17: Glossary

Municipal Bonds Proceed to Topic 1

NOTE: All information and opinions contained in this publication were produced by the Securities Industry and Financial Markets Association (SIFMA) from our membership and other sources believed by SIFMA to be accurate and reliable. By providing this general information, SIFMA is neither recommending investing in securities, nor providing investment advice for any investor. Due to rapidly changing market conditions and the complexity of investment decisions, please consult your investment advisor regarding investment decisions.

Buy municipal bonds (munis) for a tax free investment.

How Do You Buy Municipal Bonds? Is it Like Purchasing Stock?

Although any stock broker is able to sell municipal bonds to you, we at the GMS Group, are a Broker/Dealer specializing in the municipal bond market. Municipal Bond Dealers are professionals with the ability to identify the source of investments that are suitable to our individual clients and their specific requirements. You may contact us to inquire about specific muni bond issues or general muni bond questions before you actually buy municipal bonds. When you are satisfied that GMS can provide you with the guidance that you require, you may then open an account.

Muni bonds offer a predictable stream of income.

Brief Facts About Muni Bonds


  • Muni bonds (munis) are guaranteed by issuers with revenue sources consisting of taxes or fees that are measurable and predictable

  • The income from muni bonds is usually tax-free
  • Muni bonds may be issued in taxable form to benefit investors whose tax planning makes them preferable

  • An investor may buy municipal bonds with maturities that range from months to many years (A muni bond specialist will explain the reasons that you may wish short or long maturities)

    The GMS Group has been a municipal bond broker/dealer for three decades.

    The GMS Group is a Municipal Bond Dealer With Over Three Decades of Experience

    Since our beginning in 1979 by a group of seasoned municipal bond professionals, The GMS Group has established offices in key locations throughout the United States. As a recognized municipal bond dealer, we have grown as a result of the service provided to our clients over these 30 plus years. Our dedicated staff of advisors, finance, research professionals and support people have fueled our growth and our reputation.

    The GMS Group is a registered municipal bond dealer/broker.
    "MARKETBEATER"
    Bolingbrook, IL
    Special Service Tax Areas
    Baa1 Moody's / BBB S&P / No AMT
    Nat'l Pub Fin Guarantee Insured
    Rate: 4.40%   Maturity: 3/1/27
    Price: 99.564    YTM: 4.44%
    Subject to Price Change and Availability
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      GMS institutional clients include:
    Alliance Capital Franklin Templeton Investments Van Kampen Nuveen Investements Eaton Vance Putnam Investments Oppenheimer Funds

    The GMS Group, LLC

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