Municipal bonds are debt securities issued by state and local governments and their agencies. General obligation municipal bonds issued by the State of California provide many benefits for retail investors. Available through Comerica Securities, Inc. the initial sale of new bond issues provides our customers with access to an important investment component for their portfolios.
- Tax-exempt from federal income tax
- Tax-exempt in some instances from California state and city income taxes
- Contributes to portfolio diversification
For more information or to purchase bonds through a Financial Consultant, contact Comerica Securities at 800.221.8861.