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To: Knighty Tin who wrote (165231)	5/11/2002 8:06:43 PM
From: Mark Adams	Read Replies (1) \| Respond to of 436258

If I remember correctly, Texas has no state income tax. And you don't live in Florida, unless you've moved and not said anything. <g> I guess the 5 yr treasury note is a bit lower, which while not insured would probably be as likely to be funded as a muni.<g> marketvector.com My personal situation (cardboard box down by the river) says don't worry about taxes on interest income. <g> I'm lucky I get some. But I can see how someone living in Florida in a decent bracket might see the value. And maybe even someone not living in Florida. I can see how the decline in date to maturity would have an impact on valuation. Something I'll have to plug into the old thinker box. I'm still getting used to thinking in terms of bonds, and the related nomenclature. I looked at the blackrock high yield, something like a 45% premium to nav. Hmm. <g> What's up with that? All in all, unless we have a depression, I think the best days are behind us for muni funds. But I sure appreciate your thoughts- even if they include BDH. <g> I'm still operating on the late last year comment that sometimes it's best to accept a low yield. And the comment quite sometime ago from Barron's that more money has been lost chasing yield than at the point of a gun.