The yield on a closely watched index of 30-year triple-A rated, tax-exempt municipal securities climbed 0.12 percentage point higher to close at 4.48% Tuesday, according to Municipal Market Data.
WSJ: Tax-Cut Deal Results in Turmoil for Bonds
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In the middle panel David Armstrong describes a low-risk strategy: tax-exempt bonds that, like Treasury Inflation-Protected Securities, give you a return over and above inflation.