Municipal bonds are becoming an essential financing tool for state and local governments. A recent analysis by Bank of America Corp. highlights a significant growth trend in this market segment. 

Vanguard Group Inc. continues to expand its product lineup, focusing on investors interested in government and municipal debt instruments. Following a successful expansion in the previous year, the financial giant plans to launch two new exchange-traded funds (ETFs) that are likely to attract considerable attention from a broad range of investors.