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A municipal bond is a bond issued by a local government, or their agencies. The term municipal bond is commonly used in the United States, which has the largest market of such trade-able securities in the world estimated at $3.7 Trillion in 2011.

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  • A municipal bond is a bond issued by a local government, or their agencies. The term municipal bond is commonly used in the United States, which has the largest market of such trade-able securities in the world estimated at $3.7 Trillion in 2011.
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