Additionally, the majority of municipal bond holders are from households making less than $200,000 a year, according to the Internal Revenue Service. So, the Obama administration’s plan to help the middle-income earners would not pan out so well if Congress were to revise munis’ tax status. [Muni Bond ETFs: Who’s Afraid of the Fiscal Cliff?]
High-yield municipal bond ETF options include:
- Market Vectors High Yield Municipal Index ETF (NYSEArca: HYD): 4.28% 30-day SEC yield
- SPDR Nuveen S&P High Yield Municipal Bond ETF (NYSEArca: HYMB): 4.18% 30-day SEC yield
Broad municipal bond ETFs include:
- iShares S&P National Municipal Bond Fund ETF (NYSEArca: MUB): 1.54% 30-day SEC yield
- SPDR Barclays Capital Municipal Bond ETF (NYSEArca: TFI): 1.51% 30-day SEC yield
Click here to register for our webcast, Muni Opportunities and Threats as the Fiscal Cliff Looms. The webcast starts at 4:15 pm ET today, Wednesday, Dec. 5.
For more information on munis, visit our municipal bonds category.
Max Chen contributed to this article.