How To Buy Municipal Bonds Directly Today

: Working with a dedicated bond dealer or bank can provide access to specific inventory and professional guidance, though this often comes with higher fees. 2. Primary Market: New Issues

: There are generally no markups or transaction fees when buying in the primary market. However, minimum investments are often higher—typically starting at $5,000 per bond. 3. Secondary Market: Existing Bonds how to buy municipal bonds directly

: Self-managed accounts at firms like Fidelity , Charles Schwab, or Vanguard allow you to research and place orders yourself. : Working with a dedicated bond dealer or

Most direct muni buying happens here, where you purchase bonds from other investors who already own them. Most direct muni buying happens here, where you

Individual investors typically cannot buy municipal bonds directly from the issuing local government; instead, they must use an intermediary.

Buying municipal bonds ("munis") directly generally means purchasing individual bonds rather than investing through a mutual fund or ETF. There are two primary ways to do this: the (newly issued bonds) and the secondary market (previously issued bonds). 1. Purchase Channels

This involves buying bonds during their initial sale period, often called a .