Eaton Vance Parametric Tax-Equivalent Yield Calculator

Your investment decisions. Your tax consequences.

Due to differences in tax treatment, municipal bonds that provide federally tax-exempt interest income typically yield less than taxable bonds. For the same reason, municipal bonds whose interest is exempt from state and local income tax may yield less than municipal bonds whose interest is taxed in a particular jurisdiction. When considering potential investments in different types of bonds, you should evaluate yields on a tax-equivalent basis, taking into account the different amounts of tax you would owe on the interest earned from each.

This Tax-Equivalent Yield Calculator can help.

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