One of the mysteries of the English language finally explained.
- short for municipal bond
- ‘But as dramatic as the ebb in equity and corporate bond market flows, we are witnessing an even more spectacular flow into the ‘safe-haven’ of Treasuries, agencies, munis and mortgage-backs.’
- ‘Excluding the bonds refinanced, the total amount of new money raised in munis during May was up 59% versus a year ago.’
- ‘As you might expect, high-yield munis are issued by states, cities or other municipal organizations with shaky credit.’
- ‘First, munis are offering attractive yields, at least compared with Treasuries.’
- ‘You won't strike it rich with high-yield muni bonds, but in these miserable, low-yielding times, high-yield munis are an investment that should pan out.’
- ‘If all of this sounds like too much work for a 4% or 5% yield, you can buy a muni mutual fund.’
- ‘They say brokers, trying to make up lost income from stock trading, may be exploiting the low yields on taxable Treasury bonds to sneak through higher charges on munis, which are exempt from most income taxes.’
- ‘For now, he cautions investors about putting money into municipal bonds or muni funds.’
- ‘A closed-end muni fund invests in a portfolio of municipal bonds - long-term IOUs issued by states, cities and other government entities, such as airports.’
- ‘That's why some investors turned to munis to generate interest income and a tax break at the same time.’
- ‘The money invested in your business is by definition aggressive, and the rest of your money could be in munis.’
- ‘What's a realistic expectation for investors in intermediate-term munis?’
- ‘He advises small investors to invest in munis through mutual funds, rather than buying individual bonds.’
- ‘Buying munis directly, though, is not for most people.’
- ‘In this regard, it does not take a deranged imagination to see a potential train wreck developing in muni finance; faltering finances, mushrooming underfunded pension liabilities, and huge borrowing needs for as far as the eye can see.’
- ‘Fortunately, there are muni funds that hold few or no AMT bonds.’
- ‘To be sure, there are only a few cases of public defaults on investment-grade munis - New York City in 1975 and the Washington Public Power Supply System in 1983 being the most notorious.’
- ‘For those who want to take some risk, consider munis from the New York City area.’
(especially in India) an inspired holy person; an ascetic, hermit, or sage.
abstainer, recluse, hermit, solitary, anchorite, anchoress, desert saint, celibate, puritan, nun, monkView synonyms
- ‘It is sattvic food advocated by the rishis and munis of the ancient times, whereas nonvegetarian food is a product of violence as the animal is killed and cooked for eating purposes.’
- ‘In the Satya yuga a white avatara appeared to Kardama muni to establish meditation as the process for self-realization.’
- ‘In May, Svetambara and Digambara Jain munis performed pratistha ceremonies installing a murti Mahavira.’
From Sanskrit, literally ‘silent’, from man ‘think’.
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