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The Tax Exempt market is a segment of the financial market that allows investors to purchase securities that are exempt from certain taxes. These securities are typically issued by state and local governments, and include municipal bonds, revenue bonds, and other debt instruments. The tax-exempt status of these securities is attractive to investors, as it allows them to receive income from the investments without having to pay taxes on the interest earned.
The Tax Exempt market is an important source of capital for state and local governments, as it allows them to finance public projects such as infrastructure, schools, and hospitals. The market also provides investors with an opportunity to diversify their portfolios and earn a steady stream of income.
Some of the companies in the Tax Exempt market include Goldman Sachs, Morgan Stanley, Bank of America, Citigroup, and JPMorgan Chase. Show Less Read more