Word: munising
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Don't get hung up on the unique problems of tobacco bonds, which are state-issued debt backed by future payments of tobacco companies as part of a landmark 1998 liability settlement. States including California and New York have issued some $18 billion of these bonds to get their mitts...
States are in terrible financial shape. Investors are worried--especially with tobacco-bond income imperiled--that states won't be able to service their other bonds. Meanwhile, the Bush Administration's push to cut taxes on stock dividends could make tax-free bonds less attractive. As a result, yields on...
MUNIS AND REAL ESTATE INVESTMENT TRUSTS (REITS) Both losers. Why buy a municipal bond when you can get a higher yield and only modestly more risk with a tax-free preferred stock? REIT dividends would remain taxable. They make sense only in an IRA. --By Daniel Kadlec
MUNIS AND REAL ESTATE INVESTMENT TRUSTS (REITS) Both losers. Why buy a municipal bond when you can get a higher yield and only modestly more risk with a tax-free preferred stock? REIT dividends would remain taxable. They make sense only in an IRA.
HAPPY MUNI YEAR Low inflation and high yields are making municipal bonds an attractive buy. The yield on benchmark munis reached 5.99% a few weeks ago, a peak for the year. Those returns have slipped a bit since, but munis still offer relatively high rates. They are yielding more than...