SUB: What It Says On The Tin But Deeply Unexciting

  • Financial instruments are created to address specific market needs or opportunities, and understanding their design helps in selecting the right one for your goals. Municipal bonds offer tax advantages, making them attractive to high-income taxpayers, but they come with credit risk and typically lower yields compared to other bonds. The iShares Short-Term National Muni Bond ETF provides safety with low expense ratios but offers lower yields, making it less attractive for those in lower tax brackets.