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To: Mark Adams who wrote (165148)5/11/2002 11:19:19 AM
From: Knighty Tin  Read Replies (1) | Respond to of 436258
 
Mark, A backup in rates could certainly hurt BRF. But it has a 6 year maturity and I'm willing to hold for that tax free yield. Also, as the 6 year holdings move to 5 year to 4 to 3 there will be downward pressure on the rate it has to provide. Remember, you CD rate is pre-tax while BRF's rate is after tax. And it is insured, which is not as good as FDIC, but good enough for me.