In the U.S. debt market, municipal issuers usually enjoy special taxation status. Typically, this status implies that holders of such debt are exempt from taxes that apply to gains harvested from investing in that debt. But some debt issued by municipal entities does not have any tax benefits. Therefore, when modeling municipal securities, one must consider that tax-exempt status is not absolute and that investors may still be subject to taxation.
In this white paper, we focus on federal income tax-exempt municipal bonds and how to account for taxation for high-quality municipal analytics.
Complete the form to download our whitepaper: Tax Adjusted Analytics for Municipal Securities.