Read a Muni Before You Buy
Use issuer source, tax status, call terms, and liquidity to screen a municipal bond.
The setup A tax-exempt yield looks attractive, but Sofia has not yet identified who actually pays and under what structure. Municipal bond risk changes materially across general obligation, revenue, and conduit structures. The muni screen Source, tax, call, liquidity Use the yield only after the repayment source and investor obligations are clear. Shortcut Compare tax-exempt yield and stop. The tax benefit is judged alongside credit and liquidity. Municipal due diligence starts with repayment source, not headline yield. 01 Source 02 Tax and call 03 Liquidity 04 Now you try
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