http://www.fundmasteryblog.com/2008/01/25/tax-free-muni-bond-yields-now-above-taxable-treasury-yields/ Mutual Funds, Investing, Retirement, Economy, Personal Finance Tue, 07 Oct 2008 06:58:23 +0000 http://wordpress.org/?v=2.3.1 http://www.fundmasteryblog.com/2008/01/25/tax-free-muni-bond-yields-now-above-taxable-treasury-yields/#comment-508 Kurt Brouwer Sat, 26 Jan 2008 14:37:18 +0000 http://www.fundmasteryblog.com/2008/01/25/tax-free-muni-bond-yields-now-above-taxable-treasury-yields/#comment-508 That's correct Brad. Municipalities are taxing authorities for the most part. There are some revenue bonds tied to specific projects of course, but most munis are backed by the power to tax. Municipal bond defaults are very rare. That’s correct Brad. Municipalities are taxing authorities for the most part. There are some revenue bonds tied to specific projects of course, but most munis are backed by the power to tax. Municipal bond defaults are very rare.

]]> http://www.fundmasteryblog.com/2008/01/25/tax-free-muni-bond-yields-now-above-taxable-treasury-yields/#comment-505 Brad S Sat, 26 Jan 2008 03:42:49 +0000 http://www.fundmasteryblog.com/2008/01/25/tax-free-muni-bond-yields-now-above-taxable-treasury-yields/#comment-505 Aren't muni bonds the great, stable deal they are because it is extremely difficult for a taxing authority to declare official default? I've seen the Chapter 9 bankruptcy process, and the layers one has to go through are astounding. Aren’t muni bonds the great, stable deal they are because it is extremely difficult for a taxing authority to declare official default? I’ve seen the Chapter 9 bankruptcy process, and the layers one has to go through are astounding.

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