Funding muni bonds isn’t just pushing paper around to make a return—its enabling real projects in the real world. : Let’s face it—no one gets particularly excited about muni bonds. They are a portfolio bedrock for stability and liquidity, but they don’t make for great cocktail conversation. The latest on your munis in Texas doesn’t seem nearly as riveting as Tesla’s last quarterly call. But perhaps that’s just because we’re not paying enough attention. The “muni” in muni bonds is “municipality”—these are bonds issued by government entities that raise money for communities to do critical public works.