NBC Nightly News doing a story on that church that protests at the funerals with all the anti gay rhetoric. There was a supreme court ruling that says they are just exercising free speech even when it’s directed at a private individual.
“Still not sure why we are discussing this within the context of such attractive high yields for munis.â€
I only asked because I got the impression for a short moment from the discussion that yields were increasing on all munis and the market wasn’t wise to these sweet little high interest/zero risk bonds that are out there (and yeah, pretty sure they’re rare because it costs a ton to defease. we only did it because we, ironically, had to take out our bond insurer)
So defeasance wrt munis (which I suspect is very rare) is for the benefit of the issuer’s balance sheet. In effect, as far as holders are concerned, the price will rise because the underlying ability to pay becomes riskless.
Still not sure why we are discussing this within the context of such attractive high yields for munis.
These yields are so high that I’ve put some in my tax exempt IRA!!!!
Given the efficiencies with the market and these sort of things, they should be trading right at the yields for the Treasuries that are backing them.
NBC Nightly News doing a story on that church that protests at the funerals with all the anti gay rhetoric. There was a supreme court ruling that says they are just exercising free speech even when it’s directed at a private individual.
I’m sure the market is wise to them.
I don’t know of any myself. Can you tell me which ones exist? And what yields they are trading at?
“Still not sure why we are discussing this within the context of such attractive high yields for munis.â€
I only asked because I got the impression for a short moment from the discussion that yields were increasing on all munis and the market wasn’t wise to these sweet little high interest/zero risk bonds that are out there (and yeah, pretty sure they’re rare because it costs a ton to defease. we only did it because we, ironically, had to take out our bond insurer)
So defeasance wrt munis (which I suspect is very rare) is for the benefit of the issuer’s balance sheet. In effect, as far as holders are concerned, the price will rise because the underlying ability to pay becomes riskless.
Still not sure why we are discussing this within the context of such attractive high yields for munis.
These yields are so high that I’ve put some in my tax exempt IRA!!!!
March 13 is daylight savings time.
Time flies.
(you can put that on your condom wrapper)
301
300
any chance post count will be at 299 before I leave so I can claim 300?