Bond Market Basics
What’s a bond’s tax-equivalent yield?
Apr 12,24Introduction to Bond’s Tax-Equivalent Yield To appreciate bond investing strategies, beginners or even experienced traders and investors in the bond market must understand a core concept called the tax-equivalent yield. This term refers to the taxable yield that a tax-free bond must attain to equal a tax-free yield. Tax-equivalent yield is crucial because it contributes …
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