Municipal bonds are a little more complex than other bonds. You can find out more information about getting one, and the benefits by going to the Investopedia website.
The municipal bond market is related to the investment in government bonds. You can find out a lot more information about municipal bonds by checking out Investopedia.
The taxable equivalent yield for a muni bond shows what you would have to earn on a taxable bond to equal the after tax return on a muni bond. Example, a muni bond has a EQ yield of 5% and you pay 20% federal income tax. The muni would actually pay interest of 4%. This is because if a taxable bond pays 5% and you pay 20% taxes, you would actually get after tax 4% (20% of 5% is 1%. 5%-1%=4%).
As of July 2014, the market cap for Blackrock Muni Intermediate Duration Fund Inc (MUI) is $545,729,126.78.
As of July 2014, the market cap for Western Asset Intermediate Muni Fund Inc (SBI) is $134,573,890.15
You can find more information on the debt market, or the bond market, at its associated Wikipedia page. You can also learn more information at websites such as Bloomberg and Investopedia.
In most cases interest on a Muni (municipal bond) is not taxed
As of July 2014, the market cap for Blackrock Muni New York Intermediate Duration Fund Inc (MNE) is $57,880,600.64.
Market rate of bond is that rate at which that bond will be sale in market and it is different from face value of bond as well as book value of bond.
Corporate bond investing is a great way to diversify your portfolio since you already have some Muni Bonds. Before you consider a corporate bond, you should check the credit rating on the bond first.
Some muni bonds have better rates that money market accounts. They are a longer investments though and there can be some higher fees for early withdrawals.
bond market my fellow peeps
Craig Muni's birth name is Craig Douglas Muni.