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Municipal bond investing
Secure your future financial needs with tax-free institutional grade munis issued from cities, counties, and local governments and organizations across all 50 states.
We connect clients to the liquidity, security and diversity of municipal bonds across the US
Our seasoned team of sales, traders and senior underwriters monitor the primary market and actively participate in the secondary market, trading municipal bonds issued in all 50 states.
StoneX’s Municipal Securities market capabilities and offerings have expanded significantly with the addition of sales desks in several new locations across the country.
Our Municipal Securities department specializes in providing liquidity for investment grade lot sizes from 250m to 4mm. We underwrite competitive issues via a syndicate; however, we will bid alone at times and last year StoneX bought 39 deals for an average amount of $312mm.
In Q4 2023, the StoneX Municipal Securities desks launched an advanced algorithmic trading engine providing liquidity for lots from 5 bonds to 250 bonds.
Why choose StoneX?
StoneX's market expertise, advanced platforms, global reach, culture of full transparency, and commitment to our client's success all set us apart in the financial marketplace.
Globality
With 80+ offices across six continents, our global reach offers clients a key market advantage. With access to 40 exchanges and 180+ foreign exchange markets, StoneX's opportunities cover the globe.
Transparency
As a regulated and publicly traded company, StoneX is subject to stringent corporate governance, financial reporting and disclosure requirements. Our financials are a matter of public record. We work to enhance every client relationship with honesty and trust.
Expertise
The StoneX commitment to boots-on-the-ground knowledge in our markets offers clients the local insights they need to succeed. We seek the best-in-class market intelligence and deliver world-class customer service around the globe.
Market Intelligence
Stay one step ahead of the markets with deep data and incisive commentary from our award-winning traders and analysts across the globe.
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Municipal bonds FAQ
What are municipal bonds?
A municipal bond, also known as a muni, is a bond issued by a state or local government, or entities they create such as authorities and special districts. They are often issued for specific civic projects or initiatives.
How do municipal bonds work?
When purchasing a municipal bond, buyers are loaning money to the issuer in exchange for a certain number of interest payments over a certain term. At the end of that term, when the bond reaches its maturity date, the full amount of the original investment is returned to the buyer.
How to buy municipal bonds?
Bond are available as new issues or on the secondary markets and through bond funds. New issues are bonds issued by a municipality for a new project. The secondary market offers bonds already issued from other investors or not-yet-matured bonds (like how stocks are traded). Bond funds are investments in a fund that owns bonds. Investors own a stake in the bonds via ownership of that fund. In all these cases, transactions are handled through a broker, just as one might invest in stocks.
Is municipal bond interest taxable?
In the United States, interest income received by holders of municipal bonds is often, but not always, exempt from federal and state income taxation.
Who issues municipal bonds?
Municipal bonds are issued by state or local governments, or entities they create such as authorities and special districts, including civic projects and universities.
StoneX: We open markets
Our market expertise, advanced platforms, global reach, culture of full transparency and commitment to our clients’ success all set us apart in the financial marketplace.
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GlobalityWith access to 40+ derivatives exchanges, 180+ foreign exchange markets, nearly every global securities marketplace and numerous bi-lateral liquidity venues, StoneX’s digital network and deep relationships can take clients anywhere they want to go.
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TransparencyAs a publicly traded company meeting the highest standards of regulatory compliance in the markets we serve; our financials and record of accomplishment are matters of public record. StoneX’s commitment to “doing the right thing over the easy thing” sets us apart in the industry and helps us build respect, client trust and new partnerships.
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ExpertiseFrom our proprietary Market Intelligence platform, to “boots on the ground” expertise from award-winning traders and professionals, we connect our clients directly to actionable insights they can use to make more informed decisions and achieve their goals in the global markets.
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The subsidiaries of StoneX Group Inc. provide financial products and services, including, but not limited to, physical commodities, securities, clearing, global payments, risk management, asset management, foreign exchange, and exchange-traded and over-the-counter derivatives. These financial products and services are offered in accordance with the applicable laws in the jurisdictions in which they are provided and are subject to specific terms, conditions, and restrictions contained in the terms of business applicable to each such offering. Not all products and services are available in all countries. The products and services offered by the StoneX Group of companies involve risk of loss and may not be suitable for all investors. Full Disclaimer.
This website is not intended for residents of any particular country, and the information herein is not advice nor a recommendation to trade nor does it constitute an offer or solicitation to buy or sell any financial product or service, by any person or entity in any jurisdiction or country where such distribution or use would be contrary to local law or regulation. Please refer to the Regulatory Disclosure section for entity-specific disclosures.
No part of this material may be copied, photocopied or duplicated in any form by any means or redistributed without the prior written consent of StoneX Group Inc. The information herein is provided for informational purposes only. This information is provided on an ‘as-is’ basis and may contain statements and opinions of the StoneX Group of companies as well as excerpts and/or information from public sources and third parties and no warranty, whether express or implied, is given as to its completeness or accuracy. Each company within the StoneX Group of companies (on its own behalf and on behalf of its directors, employees and agents) disclaims any and all liability as well as any third-party claim that may arise from the accuracy and/or completeness of the information detailed herein, as well as the use of or reliance on this information by the recipient, any member of its group or any third party.
StoneX Financial Inc. (“SFI”) is a member of FINRA/NFA/SIPC and registered with the MSRB. SFI is registered with the U.S. Securities and Exchange Commission (“SEC”) as a Broker-Dealer and with the CFTC as a Futures Commission Merchant and Commodity Trading Advisor. References to securities trading and prime services are made on behalf of the BD Division of SFI. References to exchange-traded futures and options are made on behalf of the FCM Division of SFI. You can learn more about the background of StoneX Financial Inc. on BrokerCheck.
StoneX Outsourced Services LLC provides Outsourced Trading Services. The company is a member of FINRA/SIPC and NFA , and registered with the SEC as a Broker Dealer and CFTC. You can learn more about the background of StoneX Outsourced Services LLC on BrokerCheck.
Wealth management services are offered through StoneX Wealth Management, a trade name used by StoneX Securities Inc., member FINRA/SIPC and StoneX Advisors Inc. StoneX Securities Inc. and StoneX Advisors Inc. are wholly owned subsidiaries of StoneX Group Inc. You can learn more about the background of StoneX Securities Inc. on BrokerCheck.
StoneX One is a proprietary online trading platform through which investors and traders can open securities and/or futures accounts. Accounts opened through StoneX One are currently available to U.S. persons only. Not all products are available. StoneX One accounts opened through StoneX Securities Inc. are introduced to and custodied at StoneX Financial Inc. (SFI), and all customer orders will be transmitted to SFI for execution, clearance and settlement.
Securities products offered by StoneX Financial Inc. (“SFI”) & StoneX Outsourced Services LLC are intended only for an audience of institutional clients only. Securities products offered by StoneX Securities Inc. and investment advisory services offered by StoneX Advisors Inc. are intended for an audience of retail clients only.
This information is not a recommendation to trade nor investment research or an offer to buy or sell any derivative or security. It does not take into account your particular investment objectives, financial situation or needs and does not create a binding obligation on any of the StoneX Group Inc. of companies to enter into any transaction with you. You are advised to perform an independent investigation of any transaction to determine whether any transaction is suitable for you.
Additional disclosures can be found on https://stonex.com/en/compliance-library/