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FIXED INCOME SECURITIES - Coggle Diagram

- - - - National governments issue bonds, often referred to as government bonds or sovereign bonds, to finance public spending or manage national debt. These bonds are considered some of the safest investments because they are backed by the full faith and credit of the government.
    - - State and local governments issue municipal bonds, also known as munis, to finance public infrastructure projects, schools, and other initiatives. Interest income from municipal bonds is often exempt from federal income taxes and, in some cases, state and local taxes.