Updated: New York,
May 09 17:16
London,
May 09 22:16
Tokyo,
May 10 06:16
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JANE BRYANT QUINN
Now you know. You've been wasting your money by buying insured municipal bonds. The bonds themselves are fine. In fact, muni yields are practically irresistible today, for taxable accounts. The wasteful part is the insurance. You don't need it and never did. The bonds themselves are better, safer credits than the expensive insurance wrapped around them.
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