R
Rich Carreiro
Why is there any point to munis?
By that I mean, why aren't yields driven down to be equal to
the after-tax yields of taxable bonds of similar maturities
and credit quality?
Obviously they are driven down somewhat, but why aren't they
driven down to the point of indifference?
By that I mean, why aren't yields driven down to be equal to
the after-tax yields of taxable bonds of similar maturities
and credit quality?
Obviously they are driven down somewhat, but why aren't they
driven down to the point of indifference?