Municipal Bonds Offer Attractive After-Tax Yields

This USA Today article has a good overview of municipal bonds with an explanation about why they currently have higher yields than Treasuries (even before tax):

Why the higher yield? The answer may have more to do with Treasuries than munis. When the world looks risky, investors flock to Treasury securities, widely regarded as the safest investment on the planet. Demand for Treasuries has pushed yields down, making munis look attractive in comparison.

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