2003
(First Quarter) Insights
Are
California Bonds Poised to Underperform?
(1/02/03)
Municipal
Sector Supply
(1/03/03)
Municipal
Bonds & the Bush Plan to Exempt Dividends and
Lower Tax Rates
(1/14/03)
“The
President’s proposal to make common stock dividends
generally tax-free raises questions about the impact
of a new class of securities competing with municipal
bonds.”
Bonds
for the Long Term
(2/12/03)
“Based
on our analysis, we believe rising interest rates
may not have as negative an impact as one might expect
on the annualized total returns for a three-year time
horizon. Moreover, rising interest rates do not necessarily
lead to negative total returns over shorter time periods.”
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