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I most likely will add to my single state muni fund (FMTNX) when the US 10 Year reaches a yield of 2.5%, or thereabouts, with current yield at about 2.3%. Remember, generally bond prices fall as their yield rises. I hold this fund as part of my infrastructure theme along with PGUAX since muni bonds fund a lot of local government infrastructure projects. Plus, the fund is both state and federal tax exempt, for me, unless it has capital gains to disburse.
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I most likely will add to my single state muni fund (FMTNX) when the US 10 Year reaches a yield of 2.5%, or thereabouts, with current yield at about 2.3%. Remember, generally bond prices fall as their yield rises. I hold this fund as part of my infrastructure theme along with PGUAX since muni bonds fund a lot of local government infrastructure projects. Plus, the fund is both state and federal tax exempt, for me, unless it has capital gains to disburse.