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FYI John Waggoner on Twitter just reported the following: Regards, Ted Long-term Cali muni bond funds up an average 7.54% the past five years, beating all of Morningstar's diversified stock fund. categories.
The gold rush might be over as the interest rates (especially for non Californians) are low for the Cali munis.
Was it 5 years ago that Cali was having financial problems? So, could their performance be coming from that low point and they have caught up with the market?
Comments
http://online.wsj.com/mdc/public/page/2_3040-CEF1.html
Regards,
Ted
http://finance.yahoo.com/q?s=HYD 4.79%
The gold rush might be over as the interest rates (especially for non Californians) are low for the Cali munis.
Was it 5 years ago that Cali was having financial problems? So, could their performance be coming from that low point and they have caught up with the market?