Bonds | Investor.gov

February 28, 2021

These bonds have a lower credit rating, implying higher credit risk, than investment-grade bonds and, therefore, offer higher interest rates in return for the increased risk. Municipal bonds , called “munis,” are debt securities issued by states, cities, counties and other government entities.

https://www.investor.gov/introduction-investing/investing-basics/investment-products/bonds-or-fixed-income-products/bonds

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