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Berkshire Insured Muni-Bonds


Kiltacular
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California borrowed $8.8 billion, selling notes at yields of 1.5 percent and 1.25 percent, which will be paid off by the end of its fiscal year that began July 1.

 

My God, the yields are very low on an absolute basis!

 

That's still a pretty hefty spread from 1 year treasuries, which, at the time, yielded less than 0.5%.

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