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State Street SPDR Nuveen ICE HY Muni Bd ETF offers a 4.6% yield, appealing for tax-advantaged income amid persistent inflation. I maintain a HOLD rating on HYMB due to macro headwinds, oversupply in muni bonds, and vulnerability to economic weakness. HYMB's portfolio is diversified across 1,935 holdings, with top exposures in California and Puerto Rico, and a sector focus on Industrials and Health Care.

One of the few downsides of passive income from stocks and bonds is that the income generated by those investments is subject to federal and state income tax.