Ive been buying 4-5% coupon tax free munis. Haven’t seen 7-8% TEY in several years.
“Ive been buying 4-5% coupon tax free munis. Haven’t seen 7-8% TEY in several years.”
I’ve been doing the same with short-term Treasuries since last June. 3mon was 4.65% today, 6mon is 4.83% Beats bank interest and no taxes. I have laddered them, so they come due frequently in case when I want to change allocation. Sitting on plenty of preferred stocks too, they are paying 7-8%.