US municipal bonds
Debt securities issued by US states, cities or other public entities.
Definition
Debt securities issued by US states, cities or other public entities.
Why this concept matters
They help fund infrastructure and may receive specific US tax treatment.
What to watch
Risk depends on the issuer, and US tax advantages do not automatically carry over to a French resident.
Simple example
A US city may issue bonds to finance a water system or a school.
Availability and country
- Country or system of origin
- United States
- Status
- Product specific to the US system
- Access from France
- Generally unavailable as a local wrapper to a French tax resident, except in specific US circumstances and subject to eligibility.
- French equivalent
- French local authorities may issue debt, without reproducing the general US tax treatment.
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