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Special Report on

Municipal Bond Tax Equivalent Yield

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Question-and-Answer Session Operator We will now take questions from the telephone line. Operator Instructions The first question is from Jimmy Chen of NBS. Please go ahead. Jimmy Chen – NBS I just wanted to go to the refinancing. Samir you mentioned the environment had... Tags : Bond , Financing , Call Transcript , Earnings , Loan , CMAC , Investment , Financial Accounting , Finance , Seeking Alpha Earnings calls 2008-01-14 Tax Equivalent Yield Calculator 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 ...
issued by a city or other local government, or their agencies. Potential issuers of municipal bonds include cities, counties, redevelopment agencies, special-purpose districts , school districts , public utility districts, publicly owned airports and seaports, and any other governmental entity (or group of governments) below the state level. Municipal bonds may be general obligations of the issuer or secured by specified revenues. Interest income received by holders of municipal bonds is often exempt from the federal income tax and from the income tax of the state in which they are issued, although municipal bonds issued for ...
110 Financial Calculators: Fast Answers to Your Money Questions
Have you ever wondered how your salary compares with others in your profession? Do you want to know if it’s better to prepay your mortgage or to invest instead? Are you confused about how to accelerate your debt payoff? Curious what it will take to save your first million dollars? Today is your lucky day! It doesn’t matter if you flunked math class; you won’t need a graphing calculator, abacus or legal pad. You don’t even need to count your fingers and toes. Simply click on your financial question, enter your numbers, and receive an accurate answer, fast! I’ve compiled a comprehensive collection ... market research, surveys and trends
Searching for Income…Bond Investing | Investing | Searching for ...
When you buy a bond, the bond issuer – either a government or corporation – pays you an agreed-upon rate of interest known as the coupon rate. In addition, you get your original investment back when the bond reaches a maturity date. Bonds come in many flavors: taxable and tax-exempt, long- and small-term, AAA-rated ... market research, surveys and trends


Cincinnati Asset Management, Inc.
very liquid $4 billion Citigroup issue we reviewed in January 2007. ..... Municipal Bond Tax Equivalent Yield assumes a 40% marginal tax rate. ... Investors in search of yield and investment income find the high yield bonds' 5.5 percent ... industry trends, business articles and survey research
A New Kind of Bond in the Municipal Bond Market
The new Build America Bond Program allows state and local governments to issue taxable bonds in 2009 and 2010 for government capital projects and receive a direct federal subsidy payment from the US Treasury for a portion of their borrowing costs. Unlike municipal bonds which are usually tax exempt, Build America Bonds (BABs) are a new type of bond that pays interest which can be taxed; issuers can choose whether they offer a tax credit for the buyer or a direct payment from the federal government equal to 35% of the interest costs. Because of strains in the municipal market due to the economic downturn, these new Build America ... industry trends, business articles and survey research
Commerce Bancshares Reports 2Q Earnings
Commerce Bancshares announced earnings of $.71 per share for the three months ended June 30, compared to $.53 per share in the previous quarter and $.46 per share in the second quarter of 2009. In a release dated July 15, the Company said net income for the second quarter amounted to $59.7 million compared to $44.2 million in the previous quarter and $37.0 million in the same period last year. For the quarter, the return on average assets totaled 1.33 percent, the return on average equity was 12.2 percent and the efficiency ratio was 58.5 percent. For the six months ended June 30, earnings per share totaled $1.24 compared to ... market trends, news research and surveys resources
Stanford Professor Stung by Fund Wins $2.2 Million
July 7 (Bloomberg) -- A First Republic Bank unit was ordered to pay a retired Stanford University professor and his wife $2.18 million after arbitrators found the firm gave them only a “fleeting and slapdash” explanation of a municipal bond fund that imploded during the credit crisis in 2008. Eight months after Elliott and Rhoda Levinthal entrusted $3 million to a leveraged investment vehicle called TW Tax Advantaged Fund LLC, it collapsed, an American Arbitration Association panel wrote in a July 2 ruling. Evidence shows workers at First Republic didn’t try to fully grasp risks in the fund they designed, the ... market trends, news research and surveys resources


CD or municipal bond - 2Q09 CD or municipal bond Investor ...
4% in order to match the 3% yield being earned with the municipal bond fund after taxes are deducted. MUNICIPAL BOND TAX EQUIVALENT YIELD CHART ... technology research, surveys study and trend statistics
Frequently Asked Questions
Tax-exempt means that, in the opinion of legal counsel, the interest you earn on the security is exempt from federal income taxes and from California personal income taxes. Investors should consult their brokers or other financial advisors to obtain comparisons between tax-exempt California municipal bonds or notes and taxable investment alternatives. Not all State bonds are tax-exempt. For additional information about the tax status of specific bonds, read the �Tax Matters� section of the official statement for that particular offering. Official statements may be obtained by contacting the Investor Relations Unit at ... technology research, surveys study and trend statistics
Investing in Bonds, MM-0005-01
Generally, "savers" and "investors" have different objectives for their money. "Savers" plan to use their money in the next 3-5 years, while "investors" won't need their money for five years or longer. Many "savers" want liquidity or quick access to their money without penalty. Bonds provide a desirable saving or investment vehicle for many reasons. Bonds tend to be safer than stocks because if you hold bonds until the maturity date, you don't risk the principal. Plus, bonds can provide a regular, steady source of income (typically, interest payments are received every 6 months). For the long ...
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Fast Answers: Investing, Bonds, Municipal. - MSN Money
A municipal bond is a debt obligation of a state or local entity, such as a state highway agency or a local school district. Interest on these bonds is exempt from federal income tax and, if the bonds are issued in your state of residence, from state and local income taxes as well. Because of their tax-exempt status, municipal bonds pay a lower interest rate than taxable corporate bonds. Municipal bonds may be classified as general obligation (GO) bonds, which are backed by the taxing authority of the issuing entity, or revenue bonds, which only have recourse to the project revenues for which the proceeds are used. How do ...
WikiAnswers - A seven-year municipal bond yields 4.8 percent What ...
A seven-year municipal bond yields 4.8 percent What if your marginal tax rate is 28 percentWhat interest rate on a seven-year corporate bon of equal risk would provide you with the same after-tax retu? Figuring Taxable-equivalent Rate for a Bond Here's the formula for figuring the precise taxable-equivalent rate for any bond: Subtract the federal marginal tax bracket percentage from the number 1, and divide the tax-free rate by the result. For example, assume you're in the 28% tax bracket and are offered a 5.75% tax-free bond. You would divide 5.75 by 0.72 (1 less 0.28) and find that the taxable-equivalent yield is ...