Pre-Refunded Munis: Treasuries With a Higher Coupon
Nov 24, 2008
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By Helen Modly, CFP, CWPA, and Sandra Atkins, CPA/PFS
The recent flight to Treasuries has left a void in demand for municipal bonds. With Treasury yields so low as to be almost negative, don't overlook the attractive, tax-advantaged yield of pre-refunded municipal bonds.