For one, municipal issues come in many types, with varying elements of risk.

This branch has various commissions related to legal, municipal and economic issues.

Roughly $3 billion in new municipal issues could be offered to investors this week.

But recently the spread between private purpose paper and regular municipal issues has dropped to about 3 basis points.

Secondary municipal issues were generally higher by about 1/8 of a point.

They focus on municipal issues, just as the official City Council does.

At the same time, the buildup of new municipal issues was growing.

Last year, more than 25 percent of all long-term municipal new issues were insured.

Now may be the time to buy individual municipal issues.

In 1986, by contrast, just 14 percent of all municipal issues were insured.