re: Municipal Bonds........

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3.5% CD sounds good to me; 7 yr doesn't.

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The beauty of it is, especially if someone was choosing a bond fund, is you can break the CD and not lose principal after 3-6 months depending on the agreement, and reinvest at higher rates. Try to do that with a bond or bond fund and you will lose money, especially on intermediate to longer term bonds.

30-yr TIPS are auctioned today, will have to see what the rate ends up at, I am not buying any regardless.