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Politics : Ask Michael Burke
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To: re3 who wrote (61455)6/4/1999 8:40:00 PM
From: Knighty Tin  Read Replies (1) of 132070
 
Ike, The 20 year bond was the long bond back then, but I don't have that number handy. I do know the discount rate went to 1% during the late 30s, but it went to .5% during the forties. AA Muni bonds, tax free, hit a low of 2.62% during this period and were often above 4%. There simply were not very many buyers. I know that 20 years T-Bonds were about 2 1/2% during WWII, and that was a patriotic deal. But I don't have the Depression numbers.
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