Basically, muni's historically yield about 80% of treasuries but of late (Sept. 2007) they have been yielding 90% making them a little more appealing to lower tax brackets (25% maybe).
Maturity Yield as of Aug. 30 and Feb 28th for a 35% tax-rate equivalent Yield:
Term-----Muni 8/30---T/E--Muni 2/28
2-year 3.74% 5.75% 3.66%
5-year 3.87 5.95 3.71
7-year 4.00 6.15 3.78
10-year 4.29 6.60 3.94
15-year 4.65 7.15 4.19
20-year 4.82 7.41 4.34
30-year 4.85 7.46 4.42
An Introduction
Hi. Welcome to BourGroup and my blog. Phil
Phil Bour is a CERTIFIED FINANCIAL PLANNER(tm) professional since 2004, a Magna Cum Laude college graduate and an accounting professional for over 35+ years. I love numbers, statistics and economic history.
I am also an Enrolled Agent (EA) to represent taxpayers before the Internal Revenue Service and to prepare tax returns.
"Phil"osophy: I believe that you can manage your money on your own (not necessarily through individual stock selection but through mutual funds, ETF's and other solutions) once you receive some one-time, professional guidance. Why pay annual fees when there may be little added value? For additional information, first read the "An Introduction" label at the left. Then move on to others.
Phil Bour is a CERTIFIED FINANCIAL PLANNER(tm) professional since 2004, a Magna Cum Laude college graduate and an accounting professional for over 35+ years. I love numbers, statistics and economic history.
I am also an Enrolled Agent (EA) to represent taxpayers before the Internal Revenue Service and to prepare tax returns.
"Phil"osophy: I believe that you can manage your money on your own (not necessarily through individual stock selection but through mutual funds, ETF's and other solutions) once you receive some one-time, professional guidance. Why pay annual fees when there may be little added value? For additional information, first read the "An Introduction" label at the left. Then move on to others.