The muni bond advantage
With interest rates on Treasuries near long-term lows, it may be time to consider the potential of tax-exempt municipal bonds. Try the tool and explore Putnam municipal bond funds.
Data as of 12/31/20. Sources: U.S. Treasury, Barclays Municipal Credit Research, Standard & Poor's, The Tax Foundation, and U.S. Census (estimated data). State municipal bond yields represented the yield to worst of the Barclays Municipal Bond Index from that state. Muni yield figures do not reflect the potential effects of the alternative minimum tax. Credit ratings are by Standard & Poor's, and are subject to change. While all bonds have risks, municipal bonds may have a higher level of credit risk as compared with government bonds and CDs. Yields shown are not indicative of the performance of any particular investment, and it is not possible to invest directly in an index. Past performance is not indicative of future results.
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Insights and outlook on taxes
Putnam offers timely insights on the evolution of the municipal bond market and our outlook for taxes over the coming years.