[yefragetuwrabrumuy]

Oddly enough, I’ve noticed that the better US munis have been moving up strongly of late, driving yields down. And yet the long term tax free yields are still often over 5%.

Money that Obama will not get his mitts on. I think Carter tried to tax munis, and the collective shriek of every city and county in the country put an end to that idea quickly.

[bruinbirdman]

"Oddly enough, I’ve noticed that the better US munis have been moving up strongly of late"

Perhaps not so odd since taxes on all other bond and dividend yields are going up in 2011.

yitbos