Municipal bonds are popular among investors in the highest tax brackets because unlike corporate bonds, the interest payments received are exempt from federal (and sometimes state) taxes. Moreover, because the issuers of such bonds are generally entities with the authority to levy taxes to make good on their debt payments, the level of perceived risk [...] Original Post Related Stories: iShares Launches Muni Bond ETFs New York Muni Bond ETFs In Focus PIMCO Launches MUNI Bond ETF