SPDR® Nuveen S&P VRDO Municipal Bond ETF
Must-know: Is the primary market in VRDO issuance set to surge?
Callable municipal debt issuance in Q1 2014 declined ~27% in Q1 2014 to $53.9 billion on a year-over-year basis.
Key benefits of municipal bond investments for your portfolio
The chief advantage of investing in municipal bonds (VRD) is that the interest income on most of them is exempt from federal income taxes and often state and local taxes as well.
Why you should consider variable-rate demand obligation bonds
Variable-rate demand obligations (or VRDOs) are long-term, tax-exempt, floating-rate bonds whose interest rates generally reset on a daily, weekly, or monthly basis.
Why investors should consider municipal bonds despite Puerto Rico
The municipal bond (RVNU) market’s debt outstanding on December 31, 2013, stood at ~$3.7 trillion, making up about 9.2% of the total outstanding debt in the U.S.