COcheesehead
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
It had never occurred to me to look at Taxable munis but I can see some of their appeal now. In my state, I believe even taxable munis are exempt, so that makes them equitable to Agencies if I buy from my state.
Today (@ Fido New Issue) state of Nebraska Housing (AAA) is selling a 29-year (9-year call in 2032) 5.668% Taxable (closes 11:30AM today)
To get those 9-years without a call in corporates or agencies, I will have to dip well below AAA to get that kind of yield. They are also selling a Tax Exempt version for 4.65%, which is a better return for me if I were to purchase, but the Taxable is something I would have never looked for without this forum.
I buy taxable munis from time to time. The market is not as efficient as other bonds and you can find some gems. They are also known for no call or longer no call windows with decent yields.