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Love those bonds

Demand was so strong for California's $2-billion tax-free bond offering that Treasurer Bill Lockyer upped it to $2.5 billion. The bonds, which will fund state infrastructure projects, are giving investors a maximum yield of 5.65 percent - that's for a 30-year bond - and they're exempt from federal and state income tax. Considering the crazy-low yields on other products, that's quite a deal. (LAT)


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Recent stories on LA Observed:
Barry Diller's many paychecks
Say hello to the marijuana vending machine - and it's made in California
Good tip for job candidates: Always ask questions
Former Calpers CEO charged with fraud*
The Walmart story that everyone is talking about
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