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Washington
IRS Gift Wraps Some Bonds for Gulf, Midwest States
by: Lynn Hume
Friday, December 23, 2011
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Gulf and Midwestern states hit by disasters in recent years received a holiday gift from the Internal Revenue Service on Friday.

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Commentary - When It May Be Virtually Free to Be Tax Free
Before the financial crisis of 2008-09, it would have been significant news if yields on municipal bonds had exceeded those on Treasury securities at any maturity, and that occurrence likely would have attracted a variety of investors seeking to take advantage of the relative-value opportunity.

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