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Municipal Bonds: A Train Wreck Waiting To Happen

Wednesday, December 5, 2012 - 6:44 AM
From FORTUNE via
Unlike U.S. Treasury securities and many corporate bonds, lots of investment-grade muni bonds can be -- and will be -- called in for early redemption by their issuers. That means that muni bonds' apparent interest yields are way above the actual yield that you'll get if you buy at today's price.

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Ken TuminKen Tumin5,471 posts since
Nov 29, 2009
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