For example, is it a general obligation bond or is it tied to a specific tax or revenue stream?

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While they yield a little less than a state general obligation bond, they are perceived as having less volatility.

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In the General Obligation muni bond space, stick with states whose present budgets and unfunded pension liabilities appear somewhat manageable.

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To reduce interest-rate and default risk, Ms. Benz suggests sticking with intermediate-term muni-bond funds with a high percentage of their holdings in general-obligation bonds, which are repaid with tax revenue.

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It is an enduring bond forged by our shared history, our common values, and our united obligation to build a better future.

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On the other hand, a secured bond is a bond in which specific assets are pledged to bondholders if the company cannot repay the obligation.

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And his ten-year-old Deutsche Municipal Bond Fund did 7.26%, versus 5.98% for the Lehman Five Year General Obligation Index, putting it in the top 4% of its class.

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