在公司债券与市政免税债券中可以寻求高收益，只是要额外承担不同程度的风险。
You can seek higher yields among corporate bonds and tax-free municipals, which involve varying degrees of extra risk.
Bianco Research公司的Howard Simons认为，免税主要影响的是富裕的纳税人，由于税法经常改变，他们无法确定(免税债券的)收益。
And the exemption mainly affects wealthy taxpayers, who are unsure of its benefit because of a constantly changing tax code, says Howard Simons of Bianco Research.
随着债券保险的缺失，这使得较小的借款者(他们最主要的吸引力是他们的免税地位)，生活更艰难。
Along with the scarcity of bond insurance, that could make life even harder for smaller borrowers whose principal appeal was their tax-exempt status.
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