Maryland residents in the highest tax brackets may be curious about how to go about investing in Maryland municipal bonds. Here is an upcoming issue. Go to Buy Maryland Bonds and click on the "Enter site" button at the bottom of the page (after reading the page of course - assuming the first two paragraphs don't put you to sleep!) to get to their disclaimer page. Read the disclaimer.
Next, click the "I AGREE AND UNDERSTAND BUTTON".
This takes you to a description of an upcoming offering.: General Obligation Bonds, State and Local Facilities Loan of 2010, Second Series A.
The bond sale is expected to begin for the public on 7/23. At the bottom of the page is a link to a list of the underwriters of the bonds. To buy these bonds at the sale at no commission an account has to be opened with one of the securities dealers listed. Maturities range from 2013 to 2018 and come in denominations of $5,000. Preliminary talk is that the tax free yields may be as high as 3.50% on the longer maturity issues.
CAVEAT These are not discount brokers. Check all fees before opening an account.
Disclaimer: I am not affiliated in any way with any of the brokers/security dealers listed. This post is intended for informational purposes only. To determine if these are appropriate investments for you, consult a financial advisor.
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