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Talk Your Book: Investing in High Yield Munis

Animal Spirits Podcast

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Understanding High-Yield Municipal Bonds and Interval Funds

This chapter explores the intricacies of investing in high-yield municipal bonds via interval funds, focusing on the implications of phantom income and the importance of tax equivalent yields. It also highlights the balance between liquidity and potential returns, guiding investors in understanding the benefits of less frequent access to their investments.

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