Yield and Taxes: A Look at Municipal Bond Investing

By Samuel Wang, PhD, Fixed Income Research Director and Vice President   |   Mingzhe Yi, PhD, Senior Researcher

Yield and Taxes: A Look at Municipal Bond Investing
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Mar 05, 2026

Topic

Fixed Income Investing Investment Principles

Yield and Taxes: A Look at Municipal Bond Investing 2026

Municipal and taxable bond yields can be compared on a tax-equivalent basis. Investors allocating between municipal and taxable bonds should account for their individual tax circumstances.

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