[Ernest_at_the_Beach]

Not just California?

[groanup]

"Not just California?"

Muni bond funds with 10 year durations are yielding the same as 10 year U.S. Treasuries. A tax-free investment that yields the same as a taxable investment with similar credit risk.

[groanup]

Look at the yield here:

http://investmentonly.vanguard.com/VGApp/iio/Funds?FW_Activity=FundsVGIActivity&FW_Event=FundsSnapshotEvent&FundId=0042&FundIntExt=INT&listingPage=By%20Name

and look at the yield here:

http://investmentonly.vanguard.com/VGApp/iio/Funds?FW_Activity=FundsVGIActivity&FW_Event=FundsSnapshotEvent&FundId=0035&FundIntExt=INT&listingPage=By%20Name