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Strategies & Market Trends : Bob Brinker: Market Savant & Radio Host
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To: paulnewmanhero who wrote (41457)12/21/2008 7:00:37 PM
From: Boca_PETE  Read Replies (2) of 42834
 
I heard Bob talk about his California GO's again today. He said the ones he owns are "PRE-REFUNDED". I guess that means backed by U.S. Treasuries. Before this weekend, I never heard of this "pre-refunding" backing of State GO's by Treasury securities.

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