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	<title><![CDATA[finance and municipal bond Resources | BNET]]></title>
	<link><![CDATA[http://resources.bnet.com/topic/finance+and+municipal+bond.html]]></link>
	<description><![CDATA[White papers, case studies, business articles, and blog posts relating to finance and municipal bond]]></description>
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		<title><![CDATA[Higher Yield, Safe Returns: Best Investment Bets]]></title>
		<link><![CDATA[http://moneywatch.bnet.com/investing/article/higher-yield-safe-returns-best-investment-bets/331147/]]></link>
		<description><![CDATA[Money-market funds are now paying next to nothing. Boost your returns by moving some cash into higher-yielding but still relatively safe dividend stocks or bond funds. Here are five stocks and five funds that we like.              ...]]></description>
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		<pubDate>Thu, 13 Aug 2009 00:00:00 -0700</pubDate>
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		<title><![CDATA[Fairfax Financial Holdings Limited Q2 2009 Earnings Call Transcript]]></title>
		<link><![CDATA[http://www.bnet.com/2462-13071_23-327472.html]]></link>
		<description><![CDATA[ Question-and-Answer SessionOperator Operator instructions Our first question comes from Jeff Fenwick of Cormark Securities. Prem Watsa Good morning Jeff. Jeff Fenwick - Cormark Securities Good morning. I just wanted to ask you about your P&C operations, as you stated you try to be more conservative in the way that...]]></description>
		<s:doctype><![CDATA[Earnings calls]]></s:doctype>
		<pubDate>Sat, 01 Aug 2009 02:37:18 -0700</pubDate>
		<category domain="http://resources.bnet.com/topic/bond.html"><![CDATA[Bond]]></category>
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		<category domain="http://resources.bnet.com/topic/fairfax+financial+holdings+ltd..html"><![CDATA[Fairfax Financial Holdings Ltd.]]></category>
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		<title><![CDATA[Why Worries About Municipal Bonds Are Overblown]]></title>
		<link><![CDATA[http://moneywatch.bnet.com/investing/blog/wise-investing/why-worries-about-municipal-bonds-are-overblown/137/]]></link>
		<description><![CDATA[Investors may be concerned about potential losses from defaulting municipal bonds. While nothing is certain in investing, the historical evidence shows that investors may be worrying too much about potential defaults. by Larry Swedroe]]></description>
		<s:doctype><![CDATA[Blog posts]]></s:doctype>
		<pubDate>Mon, 06 Apr 2009 08:15:16 -0700</pubDate>
		<category domain="http://resources.bnet.com/topic/municipal+bond.html"><![CDATA[Municipal Bond]]></category>
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		<category domain="http://resources.bnet.com/topic/larry+swedroe.html"><![CDATA[Larry Swedroe]]></category>
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		<title><![CDATA[Tax Equivalent Yield Calculator]]></title>
		<link><![CDATA[http://jobfunctions.bnet.com/abstract.aspx?docid=973945]]></link>
		<description><![CDATA[This tax equivalent yield tool will estimate the tax-equivalent yield, or TEY, for a municipal bond. Income generated from municipal bond coupon payments are not subject to federal income tax. In addition, if the bond was issued in the state of residence, you can also avoid state income taxes. Use...]]></description>
		<s:doctype><![CDATA[White papers]]></s:doctype>
		<pubDate>Thu, 01 Jan 2009 00:00:00 -0800</pubDate>
		<category domain="http://resources.bnet.com/topic/income.html"><![CDATA[Income]]></category>
		<category domain="http://resources.bnet.com/topic/bankrate+inc..html"><![CDATA[Bankrate Inc.]]></category>
		<category domain="http://resources.bnet.com/topic/municipal+bond.html"><![CDATA[Municipal Bond]]></category>
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		<title><![CDATA[Are California State Muni Bonds Secure?]]></title>
		<link><![CDATA[http://jobfunctions.bnet.com/abstract.aspx?docid=923897]]></link>
		<description><![CDATA[Currently, California's General Obligation Unlimited Tax (GO/UTX) bonds carry an A+ bond rating from Standard & Poor's, A1 from Moody's and A+ from Fitch. All have been under review for potential downgrades but are still strong investment-grade ratings. Historically, defaults on municipal bonds - particularly those issued by state and...]]></description>
		<s:doctype><![CDATA[White papers]]></s:doctype>
		<pubDate>Tue, 30 Dec 2008 00:00:00 -0800</pubDate>
		<category domain="http://resources.bnet.com/topic/charles+schwab+%2526+co.+inc..html"><![CDATA[Charles Schwab & Co. Inc.]]></category>
		<category domain="http://resources.bnet.com/topic/bond.html"><![CDATA[Bond]]></category>
		<category domain="http://resources.bnet.com/topic/municipal+bond.html"><![CDATA[Municipal Bond]]></category>
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		<category domain="http://rss.financialcontent.com/stocksymbol">SCHW</category>
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		<title><![CDATA[Which Bond Is Better?]]></title>
		<link><![CDATA[http://jobfunctions.bnet.com/abstract.aspx?docid=359783]]></link>
		<description><![CDATA[This calculator compares rates of return, before and after taxes, for two bond investments. User can select a Treasury security, corporate bond or municipal bond. Treasury securities are exempt from state income taxes. Municipal bonds are exempt from federal income taxes. In some cases, muni bonds are also exempt from...]]></description>
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		<pubDate>Tue, 01 Jan 2008 00:00:00 -0800</pubDate>
		<category domain="http://resources.bnet.com/topic/bond.html"><![CDATA[Bond]]></category>
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		<title><![CDATA[Municipal Bond Tax Equivalent Yield]]></title>
		<link><![CDATA[http://jobfunctions.bnet.com/abstract.aspx?docid=362124]]></link>
		<description><![CDATA[This tool will estimate The Tax-Equivalent Yield TEY for a municipal bond. Income generated from municipal bond coupon payments are not subject to federal income tax. In addition, if the bond was issued in your state of residence, you can also avoid state income taxes. Use this tool to determine...]]></description>
		<s:doctype><![CDATA[Tools & templates]]></s:doctype>
		<pubDate>Tue, 01 Jan 2008 00:00:00 -0800</pubDate>
		<category domain="http://resources.bnet.com/topic/income.html"><![CDATA[Income]]></category>
		<category domain="http://resources.bnet.com/topic/municipal+bond.html"><![CDATA[Municipal Bond]]></category>
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		<category domain="http://resources.bnet.com/topic/finance.html"><![CDATA[Finance]]></category>
	</item>
	<item>
		<title><![CDATA[Earn Tax-Free Income With Municipal Bonds]]></title>
		<link><![CDATA[http://jobfunctions.bnet.com/abstract.aspx?docid=924041]]></link>
		<description><![CDATA[Nobody likes to pay taxes. That's why investors naturally are interested in earning tax-free income. Municipal bond issues are a very popular way to earn tax-free income and, if income is reinvested, achieve tax-free compounding of returns. Municipal bonds (also known as "Munis") are fixed-income investments that can provide higher...]]></description>
		<s:doctype><![CDATA[White papers]]></s:doctype>
		<pubDate>Tue, 01 Jan 2008 00:00:00 -0800</pubDate>
		<category domain="http://resources.bnet.com/topic/income.html"><![CDATA[Income]]></category>
		<category domain="http://resources.bnet.com/topic/municipal+bond.html"><![CDATA[Municipal Bond]]></category>
		<category domain="http://resources.bnet.com/topic/ameriprise+financial.html"><![CDATA[Ameriprise Financial]]></category>
		<category domain="http://resources.bnet.com/topic/municipal+bond+issue.html"><![CDATA[Municipal Bond Issue]]></category>
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		<title><![CDATA[Municipal Bonds: When "Tax-Free" Isn't So Free]]></title>
		<link><![CDATA[http://jobfunctions.bnet.com/abstract.aspx?docid=923903]]></link>
		<description><![CDATA[Municipal bonds have long been an attractive investment option for tax-sensitive investors, because munis are free of federal income tax and often state tax too. Add in the fact that munis generally have relatively higher credit quality and lower price volatility than comparable taxable bonds, and munis could trump corporate...]]></description>
		<s:doctype><![CDATA[White papers]]></s:doctype>
		<pubDate>Wed, 11 Jan 2006 00:00:00 -0800</pubDate>
		<category domain="http://resources.bnet.com/topic/municipal+bond.html"><![CDATA[Municipal Bond]]></category>
		<category domain="http://resources.bnet.com/topic/taxes.html"><![CDATA[Taxes]]></category>
		<category domain="http://resources.bnet.com/topic/free+trade.html"><![CDATA[Free Trade]]></category>
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	</item>
	<item>
		<title><![CDATA[Muni Bond Update: Improved Finances Drive Strong Quarter]]></title>
		<link><![CDATA[http://jobfunctions.bnet.com/abstract.aspx?docid=148016]]></link>
		<description><![CDATA[This report reviews and provides in-depth update on the municipal bond market performance during the second quarter of 2005. Money-market rates rose as the Federal Reserve raised official short-term rates twice during the quarter, but most bond yields fell, with long-term rates declining the most. Issuers took advantage of declining...]]></description>
		<s:doctype><![CDATA[White papers]]></s:doctype>
		<pubDate>Mon, 01 Aug 2005 00:00:00 -0700</pubDate>
		<category domain="http://resources.bnet.com/topic/bond.html"><![CDATA[Bond]]></category>
		<category domain="http://resources.bnet.com/topic/finance.html"><![CDATA[Finance]]></category>
		<category domain="http://resources.bnet.com/topic/municipal+bond.html"><![CDATA[Municipal Bond]]></category>
	</item>
	<item>
		<title><![CDATA[Liquidity, Default, Taxes and Yields on Municipal Bonds]]></title>
		<link><![CDATA[http://jobfunctions.bnet.com/abstract.aspx?docid=167614]]></link>
		<description><![CDATA[This paper examines the relative yields of Treasuries and municipals using a generalized model that includes liquidity as a state factor. Using a unique transaction dataset, it is able to estimate the liquidity risk of municipals and its effect on bond yields. It is found that a substantial portion of...]]></description>
		<s:doctype><![CDATA[White papers]]></s:doctype>
		<pubDate>Fri, 08 Jul 2005 00:00:00 -0700</pubDate>
		<category domain="http://resources.bnet.com/topic/liquidity.html"><![CDATA[Liquidity]]></category>
		<category domain="http://resources.bnet.com/topic/municipal+bond.html"><![CDATA[Municipal Bond]]></category>
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	</item>
	<item>
		<title><![CDATA[Capital Accumulation for Long-Term Savings Such as a Retirement or an Education Fund]]></title>
		<link><![CDATA[http://jobfunctions.bnet.com/abstract.aspx?docid=109875]]></link>
		<description><![CDATA[This paper summarizes information for the investor about Long-Term Savings. To understand fully how zero coupon municipal bonds work, it is important first to become acquainted with the principal characteristics of both municipal bonds and the zero coupon structure. While most municipal bonds provide semiannual interest payments, zero coupon bonds,...]]></description>
		<s:doctype><![CDATA[White papers]]></s:doctype>
		<pubDate>Wed, 24 Dec 2003 00:00:00 -0800</pubDate>
		<category domain="http://resources.bnet.com/topic/education.html"><![CDATA[Education]]></category>
		<category domain="http://resources.bnet.com/topic/payment.html"><![CDATA[Payment]]></category>
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	</item>
	<item>
		<title><![CDATA[How To Shop For Bonds : Pricing Munis On The Internet]]></title>
		<link><![CDATA[http://jobfunctions.bnet.com/abstract.aspx?docid=73793]]></link>
		<description><![CDATA[The focus of the article is how to use the Internet to obtain pricing information when shopping for municipal bonds. Buying municipal bonds is a little like buying a car—an informed buyer shops around, and is ready to do some comparison-shopping. Probably no aspect of investing in municipal bonds is...]]></description>
		<s:doctype><![CDATA[White papers]]></s:doctype>
		<pubDate>Tue, 01 Apr 2003 00:00:00 -0800</pubDate>
		<category domain="http://resources.bnet.com/topic/bond.html"><![CDATA[Bond]]></category>
		<category domain="http://resources.bnet.com/topic/pricing+strategy.html"><![CDATA[Pricing Strategy]]></category>
		<category domain="http://resources.bnet.com/topic/municipal+bond.html"><![CDATA[Municipal Bond]]></category>
		<category domain="http://resources.bnet.com/topic/financialcounsel.com.html"><![CDATA[FinancialCounsel.com]]></category>
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	</item>
	<item>
		<title><![CDATA[Putting Together A Portfolio Of Municipal Bond Investments]]></title>
		<link><![CDATA[http://jobfunctions.bnet.com/abstract.aspx?docid=73795]]></link>
		<description><![CDATA[This is one of the articles in a series of three dealing with municipal bonds. It highlights some of the choices one need to make when investing in municipal bonds such as how to determine which maturities best fit financial objectives, comparing premium bonds, discount bonds, and zero-coupon bonds; and...]]></description>
		<s:doctype><![CDATA[White papers]]></s:doctype>
		<pubDate>Sat, 01 Feb 2003 00:00:00 -0800</pubDate>
		<category domain="http://resources.bnet.com/topic/maturity.html"><![CDATA[Maturity]]></category>
		<category domain="http://resources.bnet.com/topic/bond.html"><![CDATA[Bond]]></category>
		<category domain="http://resources.bnet.com/topic/municipal+bond.html"><![CDATA[Municipal Bond]]></category>
		<category domain="http://resources.bnet.com/topic/financialcounsel.com.html"><![CDATA[FinancialCounsel.com]]></category>
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	</item>
	<item>
		<title><![CDATA[Testing the Effects of Sale Method Restrictions in Municipal Bond Issuance: The Case of New Jersey]]></title>
		<link><![CDATA[http://jobfunctions.bnet.com/abstract.aspx?docid=68712]]></link>
		<description><![CDATA[Can state governments save money by restricting the practice of selling tax-exempt bonds through negotiation, or do such regulations impose additional costs? Circumstances in New Jersey recently created a natural experiment to test this proposition. This study finds significant cost savings for those issues sold through competition both before and...]]></description>
		<s:doctype><![CDATA[White papers]]></s:doctype>
		<pubDate>Wed, 01 Jan 2003 00:00:00 -0800</pubDate>
		<category domain="http://resources.bnet.com/topic/new+jersey.html"><![CDATA[New Jersey]]></category>
		<category domain="http://resources.bnet.com/topic/social+science+electronic+publishing+inc..html"><![CDATA[Social Science Electronic Publishing Inc.]]></category>
		<category domain="http://resources.bnet.com/topic/municipal+bond.html"><![CDATA[Municipal Bond]]></category>
		<category domain="http://resources.bnet.com/topic/sales+strategy.html"><![CDATA[Sales Strategy]]></category>
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	</item>
	<item>
		<title><![CDATA[Zero Coupon Municipal Bonds]]></title>
		<link><![CDATA[http://jobfunctions.bnet.com/abstract.aspx?docid=75376]]></link>
		<description><![CDATA[Zero coupon bonds were introduced to the fixed income market in 1982. They were — and are — a unique concept in the marketplace. While most municipal bonds provide semiannual interest payments, zero coupon bonds, as their name suggests, have no "coupon," or periodic interest payments. Instead, the investor receives...]]></description>
		<s:doctype><![CDATA[White papers]]></s:doctype>
		<pubDate>Wed, 01 Jan 2003 00:00:00 -0800</pubDate>
		<category domain="http://resources.bnet.com/topic/coupon.html"><![CDATA[Coupon]]></category>
		<category domain="http://resources.bnet.com/topic/payment.html"><![CDATA[Payment]]></category>
		<category domain="http://resources.bnet.com/topic/municipal+bond.html"><![CDATA[Municipal Bond]]></category>
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		<category domain="http://resources.bnet.com/topic/finance.html"><![CDATA[Finance]]></category>
	</item>
	<item>
		<title><![CDATA[Unit Investment Trusts]]></title>
		<link><![CDATA[http://jobfunctions.bnet.com/abstract.aspx?docid=75389]]></link>
		<description><![CDATA[Tax-exempt unit investment trusts represent one of the simplest ways for Americans to invest in tax-exempt municipal bonds. They offer a wide range benefits, including: Attractive current income free from federal and, in some cases, state and local taxes; High degree of safety with regard to payment of interest and...]]></description>
		<s:doctype><![CDATA[White papers]]></s:doctype>
		<pubDate>Wed, 01 Jan 2003 00:00:00 -0800</pubDate>
		<category domain="http://resources.bnet.com/topic/municipal+bond.html"><![CDATA[Municipal Bond]]></category>
		<category domain="http://resources.bnet.com/topic/taxes.html"><![CDATA[Taxes]]></category>
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	</item>
	<item>
		<title><![CDATA[What You Need To Know About Investing In Municipal Bonds]]></title>
		<link><![CDATA[http://jobfunctions.bnet.com/abstract.aspx?docid=73794]]></link>
		<description><![CDATA[Municipal bonds are the only sector of the bond market where the primary buyers are individual investors. The chief attraction of munis municipal bonds is that they are exempt from federal taxes. If a person is a resident of the state issuing the bonds, they are also exempt from state...]]></description>
		<s:doctype><![CDATA[White papers]]></s:doctype>
		<pubDate>Tue, 01 Oct 2002 00:00:00 -0700</pubDate>
		<category domain="http://resources.bnet.com/topic/bond.html"><![CDATA[Bond]]></category>
		<category domain="http://resources.bnet.com/topic/municipal+bond.html"><![CDATA[Municipal Bond]]></category>
		<category domain="http://resources.bnet.com/topic/financialcounsel.com.html"><![CDATA[FinancialCounsel.com]]></category>
		<category domain="http://resources.bnet.com/topic/investment.html"><![CDATA[Investment]]></category>
		<category domain="http://resources.bnet.com/topic/finance.html"><![CDATA[Finance]]></category>
	</item>
	<item>
		<title><![CDATA[Trading Activity And Price Volatility in the Municipal Bond Market]]></title>
		<link><![CDATA[http://jobfunctions.bnet.com/abstract.aspx?docid=74599]]></link>
		<description><![CDATA[Utilizing a comprehensive database of transactions in municipal bonds, the paper investigates the volume-volatility relationship in the municipal market. It finds a positive relationship between the number of transaction and a bond's price volatility. In contrast to previous studies, it finds a negative relationship between average deal size and price...]]></description>
		<s:doctype><![CDATA[White papers]]></s:doctype>
		<pubDate>Wed, 07 Aug 2002 00:00:00 -0700</pubDate>
		<category domain="http://resources.bnet.com/topic/volatility.html"><![CDATA[Volatility]]></category>
		<category domain="http://resources.bnet.com/topic/municipal+bond.html"><![CDATA[Municipal Bond]]></category>
		<category domain="http://resources.bnet.com/topic/investment.html"><![CDATA[Investment]]></category>
		<category domain="http://resources.bnet.com/topic/finance.html"><![CDATA[Finance]]></category>
	</item>
	<item>
		<title><![CDATA[How Prevalent Is Tax Arbitrage? Evidence From the Market for Municipal Bonds]]></title>
		<link><![CDATA[http://jobfunctions.bnet.com/abstract.aspx?docid=136720]]></link>
		<description><![CDATA[Although tax arbitrage is central to the literatures on tax capitalization, implicit taxes, and even capital structure, there is little empirical evidence of the extent to which firms actually engage in tax arbitrage. This paper provides some evidence on the topic by focusing on a simple and observable corporate arbitrage...]]></description>
		<s:doctype><![CDATA[White papers]]></s:doctype>
		<pubDate>Thu, 01 Aug 2002 00:00:00 -0700</pubDate>
		<category domain="http://resources.bnet.com/topic/municipal+bond.html"><![CDATA[Municipal Bond]]></category>
		<category domain="http://resources.bnet.com/topic/tax+arbitrage.html"><![CDATA[Tax Arbitrage]]></category>
		<category domain="http://resources.bnet.com/topic/taxes.html"><![CDATA[Taxes]]></category>
		<category domain="http://resources.bnet.com/topic/free+trade.html"><![CDATA[Free Trade]]></category>
		<category domain="http://resources.bnet.com/topic/financial+planning.html"><![CDATA[Financial Planning]]></category>
		<category domain="http://resources.bnet.com/topic/finance.html"><![CDATA[Finance]]></category>
	</item>
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