Munis

Besides well-publicized strains on local finances, there is growing recognition that investing in "munis" involves a leap of faith. ❋ David Reilly (2010)

Even as the general market price of long term munis dropped over 20% in the fourth quarter of last year, virtually every major Wall Street investment bank continued to reassure investors that municipal bonds were a great buy. ❋ Chriss Street (2011)

Two of the main factors roiling the muni market were a surge in supply amid uncertainty about a popular bond-subsidy program and rising Treasury rates — which long-term munis tend to track — triggered by the Federal Reserve's bond-buying program, analysts say. ❋ Jeannette Neumann (2011)

He is using them in the short end of a "muni barbell," or a portfolio that is weighted between short- and longer-term munis, with few maturities in between. ❋ Ben Levisohn (2011)

To be sure, while companies are required to turn in their audited financial information earlier, some argue that plenty of information about munis is available. ❋ Kelly Nolan (2010)

Shorter-term munis are even pricier: The percentage of an AAA-rated five-year muni to a five-year Treasury is now just 67%, down from 96% on Jan. 14. ❋ Ben Levisohn (2011)

Long-term munis have fewer natural buyers—they are owned primarily by mutual funds and insurance companies, not retail investors. ❋ Ben Levisohn (2011)

Unlike regular junk bonds, however, interest from high-yield munis is generally free from federal income taxes. ❋ Unknown (2010)

Treasury yields, which long-term munis tend to track. ❋ Tom Lauricella (2010)

Actually you can go to the mattresses, you can go to gold, you can go to high grade short term munis-with the interest being tax free. ❋ Ann Althouse (2009)

For an investor in the 33% federal tax bracket, longer-term munis are yielding almost 8% after tax, and even more if you live in an income-tax hell like California, New York or Oregon. ❋ Unknown (2009)

Hedge funds, which used to buy long-term munis using significant leverage, now are shying away from debt-fueled deals. ❋ Unknown (2008)

Lawrence Glazer, managing partner at Mayflower Advisors LLC in Boston, says grabbing current bargains in short-term munis may make sense if you have "huge amounts of money just sitting on the sidelines, but probably not for the average person," who has less to invest. ❋ Unknown (2008)

So every dollar of long-term munis that we pick up has to be paired with several dollars of cash in order for that portfolio duration to remain down around four. ❋ Unknown (2010)

And back then you could buy AAA long term munis yielding 10\% or better vs. around 4. 75\% today. ❋ Unknown (2008)

And the market, in whatever shape it takes (which right now appears to include many more "munis" -- municipalities), will respond with better speeds. ❋ Unknown (2009)

Unless you need to be liquid or feel like gambling, the munis are the way to go. ❋ Jonathan Kellerman (1987)

"[Hey] [Jeff], [ya] munis!" ❋ Natashya (2007)

"[Daaaaamn] gurl, u [gettin] all dat muny in [abundance]" ❋ YaGurlG (2012)

Muni is [my girl] she always has my back I want [to be like] her [when I'm] older ❋ ... Zjdbckdnznsjd (2019)

i have [hella] muni b ❋ Dx.munii (2017)

[How lucky] munie! ❋ Whooo Are Me? (2017)

When I hop on [MUNI] on [stockton] st, i get to stand 1 inch close to 6 chinese people, 1 smelly hobo, a business man [yacking] on his phone, and a crackhead. ❋ Hamydeez (2003)

I got a new MUni. I [went] for for [a MUni] [ride]. I went MUniing. ❋ Dylan (2002)

he [licked] [ma] [muni] ❋ Loseball (2003)

Muny Is A LaidBack Kid , So LaidBack The Females Come Like [Flies] Its [Ridiculous] , They Like The [Humble] In Her Its Attractive . ❋ Muny (2017)

John-"I almost got [caught] [blazin] by some [muni] behind the school yesterday." ❋ TheUnit (2010)