My only exposure is thru a vanguard fund (VWAHX) . Currently yielding 3.2% (4% on a 20% marginal tax rate). I'll keep my diversity and liquidity over chasing another few % yield.
RiverRat, you can also purchase several Texas bonds that are fully insured. Several municipal utility district issuances in the Houston and Austin areas are like this. They of course yield a little less but combining a good rating with insurance is pretty dang safe.
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