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Examples
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Several bond experts urge investors to consider "prerefunded" bonds, which typically are municipal bonds backed by Treasury securities.
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Management, is only investing in "prerefunded" bonds that put money in escrow to pay bondholders.
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Management, is only investing in "prerefunded" bonds that put money in escrow to pay bondholders.
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Management, is only investing in "prerefunded" bonds that put money in escrow to pay bondholders.
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Sam Katzman , chief investment officer at Constellation Wealth Advisors in New York, is buying prerefunded municipals—a type of bond that is backed by escrowed Treasurys and is used to pay off previously issued bonds—that mature in one to two years.
Five Reasons to Rethink the Muni Rally Ben Levisohn 2011
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Travelers holds $39.7 billion of munis, though $7.2 billion of them are prerefunded--that is, refinanced, with the proceeds put into U.S.
Wall Street's Honest Man Nathan Vardi 2011
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Ms. Cohen recently bought a New York State prerefunded bond that yields a tax-free 1.74% through March 2014 a three-year Treasury currently yields about 1%.
Municipal Bonds: Avoiding the Next Blowup Ben Levisohn 2011
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Travelers holds $39.7 billion of munis, though $7.2 billion of them are prerefunded--that is, refinanced, with the proceeds put into U.S.
Wall Street's Honest Man Nathan Vardi 2011
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Marilyn Cohen , president of Envision Capital Management, a Los Angeles fixed-income money manager, expects more market turmoil, and has been buying "prerefunded" municipal bonds.
Municipal Bonds: Avoiding the Next Blowup Ben Levisohn 2011
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A typical two-year prerefunded bond is currently yielding 0.41%, compared with 0.52% for a two-year Treasury bill—a 0.07 percentage-point pickup when taxes are factored in.
Five Reasons to Rethink the Muni Rally Ben Levisohn 2011
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